The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramaa Devineni
NAVA · price
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Ramaa Devineni, a member of the promoter group of Nava Ltd, received 68,91,424 equity shares (2.435% of paid-up capital) via an off-market inter-se gift transfer from another promoter group member on June 16, 2025. Post-transfer, her holding in the company rose from 10,46,460 shares (0.37%) to 79,37,884 shares (2.805%). The filing explicitly notes that this is only an internal reshuffling within the promoter family and there is no change in the aggregate promoter shareholding of Nava Ltd. The total equity capital of the company remains unchanged at 28,30,01,276 shares of Re. 1 each.
This is a non-event for shareholders in terms of promoter control — the total promoter stake in Nava Ltd stays exactly the same, just reallocated between family members via a gift. No impact on stock price or minority shareholders is expected from this purely internal transaction.