Acquisitions21 Mar 2026, 10:27 pm
Sundaram-Clayton Ltd Acquires 39,047 Equity Shares of Navia Two Power Private Limited for Rs. 7,44,63,409
AI Summary
Sundaram-Clayton Ltd has made an additional investment of Rs. 7,44,63,409 and acquired 39,047 equity shares of Navia Two Power Private Limited. The shares were acquired at a face value of Rs. 10/- each and at a premium of Rs. 1,897.02 per share. This acquisition increases the total shareholding with Navia from 11,628 equity shares to 50,675 equity shares. Navia is a special-purpose vehicle for the purpose of owning and operating a Captive Power Plant. The acquisition was made on 21st March 2026 at 09:00 p.m. (IST).
Key Highlights
- Sundaram-Clayton Ltd has acquired 39,047 equity shares of Navia Two Power Private Limited.
- The investment amount is Rs. 7,44,63,409.
- The shares were acquired at a face value of Rs. 10/- each and at a premium of Rs. 1,897.02 per share.
- Navia is a special-purpose vehicle for the purpose of owning and operating a Captive Power Plant.
- The acquisition increases the total shareholding with Navia from 11,628 equity shares to 50,675 equity shares.