TVS Srichakra has acquired 5,915 equity shares of Rs 10 each, representing 5.92% of the equity share capital of Navia Two Power (Navia), for a total consideration of Rs. 59,150/- for purchase of
renewable energy under the Group Captive mode.
Navia is special-purpose vehicle for the purpose of owning and operating a Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.
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