TVS Srichakra Limited Invests in Navia Two Power Private Limited
TVS Srichakra Limited announced an investment of Rs. 3,78,79,138 to acquire 19,863 equity shares of Navia Two Power Private Limited on March 20, 2026. The shares were purchased at a face value of Rs. 10 each and a premium of Rs. 1,897.02 per share.This acquisition increases TVS Srichakra’s total shareholding in Navia to 25,778 equity shares, representing a 5.92% stake in the company’s paid-up equity share capital.
Navia Two Power Private Limited, incorporated in August 2024, is a Special Purpose Vehicle engaged in generating and selling electricity using non-conventional sources. The investment aligns with regulatory requirements for captive power consumption under Indian electricity laws.
The acquisition was made in cash and represents a move to comply with regulatory requirements for captive power consumption under Indian electricity laws.
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