Shareholding24 Jul 2026, 12:03 pm
Nova Iron & Steel: Promoter Group Discloses Share Acquisition
AI Summary
Nova Iron & Steel Ltd has received disclosures from promoter group members, Olympian Finvest Private Limited and Aromatic Steel Private Limited, regarding the acquisition of equity shares. The disclosures, made under Regulation 10(7) of SEBI (SAST) Regulations, 2011, pertain to an acquisition that would have triggered Regulation 3(2) if not for the exemption under Regulation 10(1)(a)(iv). Olympian Finvest Private Limited's shareholding increased significantly from 0.26% to 12.92% post-acquisition. The company has complied with all necessary filing requirements with SEBI and the stock exchange.
Key Highlights
- Promoter group entities disclosed share acquisition under SEBI (SAST) Regulations.
- Olympian Finvest's stake rose to 12.92% from 0.26%.
- Acquisition price was ₹11 per share.
- Company complied with filing requirements for exemption.
- Disclosure made under Regulation 10(7) for acquisition under 10(1)(a)(iv).
Price Impact
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