The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashwin Devineni
NAVA · price
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Nava Limited promoter Ashwin Devineni has transferred 68,91,424 equity shares (about 2.435% of the company's total share capital) to another member of the promoter group. The transaction was carried out off-market as a gift on June 16, 2025, and was disclosed on June 18, 2025 under SEBI Takeover Regulations. Before the transfer, Ashwin Devineni held 68,91,424 shares (2.435%); after the transfer, his holding stands at zero. The filing explicitly clarifies that this is only an internal reshuffle within the promoter family and there is no change in the aggregate promoter shareholding of Nava Limited.
No material impact on shareholders or stock price is expected, as this is merely a reallocation of shares within the promoter group via gift. The total promoter holding in Nava Limited remains unchanged, so there is no change in control or ownership structure.