Announced Thu, 2 Jul · 18:15 IST

Olympian Finvest buys 12.14% stake from Reward Capital in promoter group reshuffle

Promoter Stake BuyPromoter Stake Sell 1pctCreeping Acquisition Near ThresholdOwnership Changes View source PDF

Price

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▲ 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

-2.4%1-day move

₹12.67

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.4-3.3-2.1-2.4-1.4-3.6-3.2———

Up moveDown movePending

AI summary

Promoter group entity Olympian Finvest bought 42,91,675 shares (12.14%) of Nova Iron and Steel for Rs 4.72 crore off-market on 30 Jun 2026. Seller was Reward Capital Service, also a promoter group member, which exited fully. Olympian Finvest stake rose from 0.26% to 12.14%, crossing the 10% threshold. Both share Chandigarh address, indicating internal transfer with no change in aggregate promoter holding.

Likely market impact

Internal promoter group reshuffle. Aggregate promoter stake unchanged. Olympian Finvest crossed the 10% disclosure threshold.