Shareholding11 Jun 2026, 09:40 am
Vintage Steel Acquires 9.06% Stake in Nova Iron & Steel
AI Summary
Vintage Steel Private Limited, along with Persons Acting in Concert (PACs) including Titanic Steel Industries Private Limited, has acquired an additional 9.06% stake in Nova Iron & Steel Limited through an off-market inter-se transfer. This acquisition brings their total shareholding to 12.55% (45,33,000 shares). The transaction occurred on June 4, 2026, and was disclosed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Vintage Steel is part of the promoter group.
Key Highlights
- Vintage Steel acquired 9.06% stake in Nova Iron & Steel.
- Total shareholding of acquirer and PACs now stands at 12.55%.
- Acquisition was made via off-market inter-se transfer.
- Vintage Steel is part of the promoter group.
- Disclosure made under SEBI (SAST) Regulations, 2011.
Price Impact
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