Announced Fri, 17 Jul · 11:30 IST
Promoter group Aromatic Steel raises stake in Nova Iron & Steel to 18.67%
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
Aromatic Steel Pvt Ltd, part of the promoter group, acquired 33.31 lakh shares (9.22%) of Nova Iron & Steel through an off-market inter-se transfer on 15 July 2026. Its stake rose from 9.46% to 18.67%. Total equity capital of the company stands at 3.61 crore shares. The transfer is exempt under Regulation 10(1)(a)(iv) as it is within the promoter group.
Likely market impact
Promoter group stake nearly doubles to 18.67%, signalling internal consolidation. No open market impact; holding approaches 25% open offer trigger.