Shareholding2 Jul 2026, 08:10 am
Olympian Finvest Acquires 11.88% Stake in Nova Iron & Steel
AI Summary
Olympian Finvest Private Limited, identified as belonging to the Promoter/Promoter group, has disclosed a substantial acquisition of shares in Nova Iron & Steel Limited. The transaction, executed off-market via inter-se transfer on June 30, 2026, resulted in Olympian Finvest acquiring 42,91,675 equity shares. This acquisition increased their total shareholding to 43,85,675 shares, representing 12.14% of the total share capital. Prior to this, Olympian Finvest held 94,000 shares, constituting 0.26% of the company's total voting capital. The total equity share capital of Nova Iron & Steel Limited remained unchanged at 3,61,39,488 shares before and after the acquisition.
Key Highlights
- Olympian Finvest Pvt Ltd acquired 11.88% stake in Nova Iron & Steel.
- Total shareholding increased to 12.14% post-acquisition.
- Transaction was an off-market, inter-se transfer.
- Acquirer is part of the Promoter/Promoter group.
- Acquisition date was June 30, 2026.
Price Impact
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