Shareholding17 Jul 2026, 11:31 am
Aromatic Steel Acquires 9.22% Stake in Nova Iron & Steel
AI Summary
Aromatic Steel Private Limited has disclosed its acquisition of 3,331,000 equity shares in Nova Iron & Steel Limited on July 15, 2026. This acquisition, conducted off-market through an inter-se transfer, represents 9.22% of the total share capital. Following this transaction, Aromatic Steel's total holding in Nova Iron & Steel increases to 6,749,000 shares, constituting 18.67% of the company's total voting capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Aromatic Steel acquired 3,331,000 shares in Nova Iron & Steel.
- The acquisition represents 9.22% of total share capital.
- Aromatic Steel's total holding now stands at 18.67%.
- The transaction was an off-market inter-se transfer.
- Disclosure made under SEBI Takeover Regulations.
Price Impact
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