Announced Fri, 17 Jul · 11:32 IST
Promoter entity Nilanchal sells entire 9.22% stake in Nova Iron via inter-se 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
-2.3%1-day move
₹12.59
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.3-2.3+0.8-2.1-2.5-3.7————
Up moveDown movePending
AI summary
Nilanchal Investments Pvt Ltd, a promoter group entity of Nova Iron & Steel Ltd, sold its entire stake of 33,31,000 shares (9.22%) via off-market inter-se transfer on 15 July 2026 under Regulation 10(1)(a)(iv) of SAST Rules. After the sale, Nilanchal holds zero shares in the company. Since this is an inter-se transfer within the promoter group, the total promoter shareholding in Nova Iron stays unchanged, but the holding has been reshuffled between promoter entities.
Likely market impact
No change in total promoter holding or free float. Internal promoter group reshuffle, no material impact on minority shareholders.