Announced Mon, 6 Jul · 18:51 IST
Olympian Finvest acquires 12.40 percent stake in Nova Iron via promoter restructuring
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
+0.4%1-day move
₹12.36
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4+0.0+1.1+1.1-1.2+1.9-1.9———
Up moveDown movePending
AI summary
Olympian Finvest Pvt Ltd acquired 44,79,675 shares (12.40 percent) of Nova Iron and Steel at Rs 11 per share from three promoter group entities, Reward Capital Services, Shivalikview Steel Trading, and Rockland Steel Trading. Post-transaction, Olympian Finvest holding rises from 0.26 percent to 12.66 percent. Transfer is inter se among promoters under Reg 10(1)(a)(iv), so no open offer triggered.
Likely market impact
Promoter group reshuffle; no open offer for shareholders as transfer is among promoters. Overall promoter holding unchanged.