Announced Thu, 2 Jul · 08:09 IST
Promoter group Olympian Finvest raises stake in Nova Iron & Steel to 12.14%
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
₹13.29
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4-7.0-7.8-6.6-7.0-5.9-7.2———
Up moveDown movePending
AI summary
Olympian Finvest Pvt Ltd, part of the promoter group, acquired 42,91,675 shares (11.88%) of Nova Iron & Steel on 30 June 2026 via off-market inter-se transfer among promoters. Holding rose from 94,000 shares (0.26%) to 43,85,675 shares (12.14%). Total equity capital unchanged at 3.61 crore shares. Transaction exempt from open offer under Reg 10(1)(a)(iv).
Likely market impact
Promoter-group consolidation and reshuffle; exempt from open offer so no impact on minority shareholders, but signals shifting control within the promoter group.