TVS Srichakra Acquires 5.92% Stake in Navia TWO Power for Renewable Energy Purposes

TVS Srichakra Ltd. has acquired 5,915 equity shares of Rs. 10 each, representing 5.92% of the equity share capital of Navia TWO Power Private Limited for a total consideration of Rs. 59,150/-. Navia is a special-purpose vehicle for the purpose of owning and operating a Captive Power Plant. The acquisition is to comply with regulatory requirements for captive power consumption under electricity laws. Navia is an Indian company incorporated on 12th August 2024, engaged in the business of Electric power generation using other non-conventional sources and sale. The cost of acquisition is Rs. 0.59 Lakh for the acquisition of the shares.