Nava jumps on buyback plan

The company announced that its board will meet on Wednesday, 19 February 2025, to consider the proposal for buyback of equity shares.

As on December 2024, promoters held 48.89% in the company.

Nava is a publicly listed multinational corporation with interests in metals, energy, mining, healthcare, and commercial agriculture. As one of India's leading ferroalloy producers, Nava also operates Zambia's largest mine-to-mouth power plant. Expanding its global presence, Nava is investing in commercial agriculture in Zambia and healthcare in Southeast Asia.

On a consolidated basis, Nava's net profit fell 23.73% to Rs 250.33 crore on 9.40% decline in net sales to Rs 842.49 crore in Q3 FY25 over Q3 FY24.