Shareholding2 Jul 2026, 06:20 pm
Olympian Finvest Discloses Shareholding Change in Nova Iron & Steel
AI Summary
Nova Iron & Steel Ltd has received disclosures from M/s Olympian Finvest Pvt. Ltd. and M/s Reward Capital Services Pvt. Ltd., members of the Promoter Group, regarding changes in their shareholding. Olympian Finvest Private Limited acquired 4,291,675 equity shares for ₹4,72,08,425 through an off-market transaction on June 30, 2026. Post-acquisition, their holding increased to 4,385,675 equity shares, representing 12.14% of the company's total equity. The disclosure was made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Highlights
- Promoter group entity Olympian Finvest increased stake in Nova Iron & Steel.
- Acquisition of 4,291,675 shares for ₹4.72 Cr via off-market deal.
- Post-acquisition, holding stands at 12.14% (4,385,675 shares).
- Disclosure filed under SEBI (PIT) Regulations, 2015.
- Reward Capital Services also made disclosures, details not specified in extract.
Price Impact
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