Announced Fri, 24 Jul · 12:01 IST

Olympian Finvest (Promoter Group) acquires 12.65% stake via inter-se transfer

Promoter Stake BuyOwnership 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

-0.3%1-day move

₹12.33

prior close

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base price

In-mkt

timing

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AI summary

Olympian Finvest Pvt Ltd, a promoter group member, acquired 45,73,675 equity shares (12.65%) of Nova Iron and Steel from four other promoter group entities at Rs 11 per share. The sellers - Reward Capital (11.88%), Aarti Iron and Power, Rockland Steel and Shivalikview Steel - fully exited their holdings. Post-transaction, Olympian Finvest holds 12.92% stake. Total promoter group holding remains unchanged at 44.16%. The transaction is exempt from open offer under SEBI Regulation 10(1)(a)(iv).

Likely market impact

Internal promoter group reshuffle with no change in total promoter holding. Exempt from open offer. Neutral for minority shareholders.