Nava has announced the incorporation of two wholly owned subsidiaries in GIFT City IFSC, Gujarat. The decision was approved by the company’s Board of Directors during a meeting held on March 10, 2026. The two entities, tentatively named Nava Agrivest (IFSC) Private Limited and Nava Holdings (IFSC) Private Limited, will operate as investment holding companies.
Both subsidiaries will be incorporated in India and will focus on investments in commercial agriculture and other group businesses. The initial investment for each subsidiary is set at USD 0.2 million, with an initial capital infusion of ₹1,00,000. The remaining investment will be made upon receiving the necessary approvals from the International Financial Services Centres Authority (IFSCA) and other relevant authorities.
The subsidiaries will be fully owned by Nava, with 100% of their share capital held by the parent company. The incorporation process will involve obtaining approvals from the Ministry of Corporate Affairs and other regulatory bodies as required.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.