TVS Srichakra Acquires 5.92% Stake in Navia Two Power
Filing Summary
TVS Srichakra Limited has acquired 5,915 equity shares, representing a 5.92% stake in Navia Two Power Private Limited. The acquisition, valued at INR 59,150, is part of TVS Srichakra’s strategy to purchase renewable energy under the Group Captive mode. Navia Two Power, a special-purpose vehicle, focuses on electric power generation using non-conventional sources. This acquisition aligns with regulatory requirements for captive power consumption under Indian electricity laws. The transaction was completed on November 27, 2025, with cash consideration. Navia Two Power has yet to commence operations since its incorporation in August 2024.
TVS Srichakra Limited has completed the acquisition of 5,915 equity shares of Navia Two Power Private Limited, representing 5.92% of its equity share capital. The acquisition was executed for a total consideration of INR 59,150. This transaction is part of TVS Srichakra’s initiative to secure renewable energy under the Group Captive mode. The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial terms of the acquisition involve a cash consideration of INR 59,150 for the purchase of 5,915 equity shares, each valued at INR 10. The transaction does not involve any related party interests, and it was conducted at arm’s length. The acquisition was finalized on November 27, 2025, with no requirement for governmental or regulatory approvals.
Navia Two Power Private Limited is a special-purpose vehicle established to own and operate a captive power plant. The entity is engaged in the generation and sale of electric power using non-conventional sources. Navia Two Power was incorporated on August 12, 2024, and is yet to commence its operations. The acquisition by TVS Srichakra is intended to comply with regulatory requirements for captive power consumption under Indian electricity laws.
The acquisition aligns with TVS Srichakra’s strategic focus on renewable energy. The company aims to enhance its energy procurement through the Group Captive mode, which allows for shared ownership and operation of power generation facilities. This approach supports compliance with electricity regulations and promotes sustainable energy practices.
The transaction was completed on November 27, 2025. TVS Srichakra Limited and Navia Two Power Private Limited are the primary entities involved in this acquisition. The acquisition does not require any further regulatory approvals, and the consideration was settled in cash.
Navia Two Power Private Limited is a part of the Zelestra Group and focuses on electric power generation using renewable sources. The company is based in India and has not yet reported any turnover since its incorporation.
TVS Srichakra Limited is a prominent player in the tire manufacturing industry, focusing on the production of two-wheeler and three-wheeler tires. The company is committed to enhancing its operational efficiency and sustainability through strategic investments in renewable energy sources.