NAVA LIMITED — Board Meeting, 19-02-2025: Outcome of Board Meeting

Nava Limited has announced a board meeting outcome, approving a buyback of up to 72,00,000 equity shares at ₹500 per share, totaling a maximum of ₹360 crores. This buyback represents 2.48% of the company's total equity shares and is set to be conducted through the "Tender Offer" route. The promoters have indicated they will not participate. Additionally, Anand Rathi Advisors Limited has been appointed as the buyback manager. The record date for the buyback has been fixed for February 28, 2025.