Sundaram-Clayton Acquires 11.63% Stake in Navia Two Power
Filing Summary
Sundaram-Clayton Limited has acquired an 11.63% equity stake in Navia Two Power Private Limited for Rs. 1.16 lakh. The acquisition aligns with regulatory requirements for captive power consumption under Indian electricity laws. Navia, a special-purpose vehicle of the Zelestra Group, focuses on electric power generation using non-conventional sources. The transaction was completed on November 27, 2025. This acquisition does not involve any related party transactions. Navia was incorporated in August 2024 and has not yet commenced operations. The acquisition was executed through a cash consideration.
Sundaram-Clayton Limited has announced the acquisition of an 11.63% equity stake in Navia Two Power Private Limited. The acquisition was executed for a total consideration of Rs. 1,16,280. The transaction was completed on November 27, 2025, as per the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial terms of the acquisition involve a cash consideration of Rs. 1.16 lakh for the purchase of 11,628 equity shares, each valued at Rs. 10. This acquisition does not constitute a related party transaction, and there is no interest from the promoter or promoter group in the entity being acquired. The transaction was conducted at arm’s length.
Navia Two Power Private Limited is a special-purpose vehicle under the Zelestra Group, focusing on electric power generation using non-conventional sources. The acquisition is intended to comply with regulatory requirements for captive power consumption under Indian electricity laws. Navia was incorporated on August 12, 2024, and is yet to commence its operations. The company is engaged in the business of power generation and sale, with its registered office located in Gurgaon, Haryana.
The acquisition was completed on November 27, 2025, with no additional governmental or regulatory approvals required. The transaction was executed through a cash payment, and the shares were acquired at a price of Rs. 10 each. The acquisition aligns with Sundaram-Clayton’s strategic objectives to meet regulatory requirements for captive power consumption.
Navia Two Power Private Limited is an Indian company focused on renewable energy. The company has not reported any turnover for the financial year 2024-25, as it has not yet commenced operations. The acquisition of a stake in Navia is part of Sundaram-Clayton’s efforts to ensure compliance with electricity laws in India.
Sundaram-Clayton Limited is a leading manufacturer of automotive components, specializing in the production of aluminum die-cast products. The company is part of the TVS Group, which is one of India’s largest automotive component manufacturers. Sundaram-Clayton is committed to expanding its capabilities and ensuring compliance with regulatory requirements in the energy sector.