Announced Sat, 18 Jul · 10:51 IST
Aromatic Steel acquires 9.22% in Nova Iron & Steel via promoter group transfer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹12.52
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.8+1.4-1.5-2.0-1.8—————
Up moveDown movePending
AI summary
Aromatic Steel Pvt Ltd acquired 33,31,000 shares (9.22%) of Nova Iron & Steel from Nilanchal Investments Pvt Ltd on 15 July 2026 at Rs. 11 per share. This is a restructuring within the promoter group under SEBI Regulation 10(1)(a)(iv), exempting it from open offer requirements. Post-transaction, Aromatic Steel holds 18.67% (up from 9.46%), while Nilanchal's stake fell to 0%.
Likely market impact
Internal promoter group reshuffle, no open offer triggered. Net promoter holding unchanged but consolidated under Aromatic Steel.