NAVA LIMITED has informed the Exchange regarding the disclosure under regulation 30 of SEBI (LODR) Regulations.
NAVA · price
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Nava Limited's board has approved a buyback proposal from its wholly owned Singapore subsidiary, Nava Global Pte. Ltd. (NGPL), to repurchase 99,20,635 equity shares held by Nava at US$5.04 per share, totalling US$50 million (around Rs. 450 crore). This represents about 3.97% of NGPL's total share capital, based on an independent fair equity valuation of NGPL at US$1.26 billion (book value of just US$1.20 per share). Nava's original cost of investment for these shares was Rs. 48.33 crore, so the transaction is expected to deliver a sizeable gain of roughly Rs. 400 crore (subject to long-term capital gains tax). Importantly, Nava will continue to hold 100% ownership and control of NGPL after the buyback, with no change in voting rights. Management stated the proceeds will help Nava pursue new acquisitions and fund ongoing projects, reflecting disciplined capital allocation.
This is a positive cash inflow event for Nava Limited – approximately Rs. 450 crore coming in from its Singapore subsidiary, strengthening liquidity for growth investments without diluting control. The huge gap between the buyback price (US$5.04) and book value (US$1.20) signals strong value in the Singapore subsidiary, which should be viewed favourably by shareholders.