Multibagger stock, Feb. 19 -- NAVA Limited share price saw a significant jump of 9.42 per cent on Wednesday after the company declared buyback of shares at around 25 per cent premium fixing the buyback price at Rs.500. Last month, the company had traded stock split from Rs.2/- to Rs.1/-.

The company further informed that the maximum share buyback worth is Rs.360 crore.

"The proposal for buyback of up to 72,00,000 fully paid-up equity shares of face value INR 1/- each ("Equity Shares") by the Company ("Buyback"), representing up to 2.48 % of the total number of Equity Shares of the Company, at a price of INR 500.00/- (Rupees Five Hundred only) per equity share payable at cash for a total consideration not exceeding INR Rs. 360.00 crores ...