Nova Iron & Steel Ltd

BSE: 513566

total announcements

513566.BO · 15 min delayed

BSEInsider Trading / SASTPromoter Reclassif.22 Jun 2026

The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Olympian Finvest Private Limited, a promoter group entity of Nova Iron & Steel Ltd, will acquire 45,73,675 equity shares, representing 12.65% of the company's share capital, from four other promoter group companies. This off-market transaction, priced at Rs. 11 per share, is an inter-se transfer intended for restructuring among the promoter group members. Post-acquisition, Olympian Finvest's holding will increase to 12.92%, and the total promoter group shareholding will rise from 31.51% to 44.16%. The acquisition is exempt from an open offer under SEBI (SAST) Regulations.

The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Aromatic Steel Private Limited, a promoter group entity of Nova Iron & Steel Ltd, is acquiring 33,31,000 equity shares (9.22% of share capital) from Nilanchal Investments Private Limited, another promoter group entity. This off-market transaction at Rs. 11 per share is an inter-se transfer for promoter group restructuring and is exempt from an open offer under SEBI (SAST) Regulations. Post-acquisition, the total shareholding of the acquirer and its PACs within the promoter group will increase from 34.94% to 44.16%.