Olympian Finvest Acquires 94,000 Nova Iron Shares

Olympian Finvest Private Limited has acquired 94,000 equity shares of Nova Iron & Steel Limited, representing 0.26% of the company's diluted share capital. The transaction, priced at ₹11 per share, was made pursuant to an exemption under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rationale for the acquisition is stated as restructuring among Promoters and Promoter Group. Following the transaction, Olympian Finvest's shareholding in Nova Iron & Steel increased from 12.66% to 12.92%. Aarti Iron & Power Private Limited was the seller in this transaction.