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19Feb 25
Nava Ltd Announces ₹360 Crore Share Buyback at ₹500 Per Share
Nava Ltd's Board has approved a share buyback of up to 72,00,000 equity shares at ₹500 per share, totaling ₹360 crores. The buyback represents 2.48% of the company's total equity shares and will be conducted through a tender offer route. The record date is set for February 28, 2025. Promoters will not participate in the buyback, potentially allowing greater public shareholder participation. This move is seen as a sign of the company's strong financial position and commitment to shareholder value.