Shareholding17 Jul 2026, 11:33 am
Nilanchal Investments Sells 9.22% Stake in Nova Iron & Steel
AI Summary
Nilanchal Investments Private Limited has disclosed the disposal of its entire shareholding of 33,31,000 equity shares, representing 9.22% of the total share capital, in Nova Iron & Steel Limited. The transaction was conducted off-market via inter-se transfer on July 15, 2026. Following this sale, Nilanchal Investments no longer holds any shares or voting rights in Nova Iron & Steel Limited. The total equity share capital of Nova Iron & Steel Limited remained unchanged at 3,61,39,488 shares before and after the transaction.
Key Highlights
- Nilanchal Investments sold its entire 9.22% stake in Nova Iron & Steel.
- Transaction involved 33,31,000 equity shares.
- Sale was executed off-market through inter-se transfer.
- Disposal occurred on July 15, 2026.
- Seller no longer holds any shares in the target company.
Price Impact
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