Sundaram Clayton Limited Increases Investment in Navia Two Power Private Limited
Sundaram Clayton Limited announced an additional investment of Rs. 7,44,63,409 in Navia Two Power Private Limited on March 21, 2026. The investment facilitated the acquisition of 39,047 equity shares through a rights issue, with shares issued at a face value of Rs. 10 each and a premium of Rs. 1,897.02 per share.This acquisition increases Sundaram Clayton’s total shareholding in Navia from 11,628 equity shares to 50,675 equity shares, representing a 18.17% stake.
Navia Two Power Private Limited, incorporated on August 12, 2024, is a special-purpose vehicle for owning and operating a Captive Power Plant, in compliance with regulatory requirements for captive power consumption under Indian electricity laws. The company is part of the Zelestra Group and is engaged in electric power generation using non-conventional sources. It is based in Gurgaon, Haryana.
The acquisition was made at an indicative time period of March 21, 2026.
Details of Navia Two Power Private Limited:
| Particulars | Details |
|---|---|
| CIN | U35106HR2024PTC124127 |
| Registered Office | 3rd Floor, Tower 10B, DLF Cyber City, DLF QE, Gurgaon, Haryana - 122002 |
| Turnover (last 3 years) | 2024-25: Nil, 2023-24: NA, 2022-23: NA |
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