Announced Mon, 22 Jun · 13:11 IST
Promoter group reshuffle, Olympian Finvest to acquire 12.65% stake
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
+10.8%1-day move
₹12.50
prior close
₹12.56
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+7.1+7.5+10.8+5.4+7.8+1.7-1.1+1.4-2.3+1.5——
Up moveDown movePending
AI summary
Promoter group entity Olympian Finvest to acquire 45,73,675 shares (12.65%) of Nova Iron & Steel from 4 promoter group sellers at Rs. 11 per share off-market. Olympian Finvest stake rises from 0.26% to 12.92%. Total promoter group holding increases from 31.51% to 44.16%. No open offer required under SEBI Reg 10(1)(a)(iv) as it is an inter-se promoter group restructuring. Transfer effective on or after 26/06/2026.
Likely market impact
Internal promoter reshuffle, no change in ultimate control. Combined promoter holding rises to 44.16%, nearing 50% threshold. No open offer triggered.