Nilanchal Investments Private Limited Discloses Disposal of Shares in Nova Iron & Steel Limited
Nilanchal Investments Private Limited has reported a significant change in its shareholding and voting rights in Nova Iron & Steel Limited following the disposal of equity shares. The transaction was executed on July 15, 2026.The entity, which is identified as part of the promoter group, sold its entire holding of 3,31,000 shares carrying voting rights. Prior to this transaction, Nilanchal Investments Private Limited held a 9.22% stake in the company. Following the disposal, the entity holds NIL shares in Nova Iron & Steel Limited.
The transaction was conducted as an off-market inter-se transfer. The total equity share capital and voting capital of Nova Iron & Steel Limited remained unchanged at 3,61,39,488 before and after the sale.
Transaction Details
| Category | Before Sale | Amount/Quantity | After Sale |
|---|---|---|---|
| Shares Carrying Voting Rights | 3,31,000 | 9.22% | NIL |
| Shares in Nature of Encumbrance | NIL | NIL | NIL |
| Voting Rights (Other than shares) | NIL | NIL | NIL |
| Warrants/Convertible Securities | NIL | NIL | NIL |
| Total Holding | 3,31,000 | 9.22% | NIL |
Corporate Data Points
| Detail | Information |
|---|---|
| Target Company | Nova Iron & Steel Limited |
| Seller Entity | Nilanchal Investments Private Limited |
| Transaction Date | July 15, 2026 |
| Sale Mode | Off-market inter-se transfer |
| Total Voting Capital (Before) | 3,61,39,488 |
| Total Voting Capital (After) | 3,61,39,488 |
Stock Price Movement
As of 11:33, Nova Iron & Steel Ltd shares are edging higher to ₹12.76, representing a 1.19% gain. The stock is currently trading within its intraday range of ₹12.61 to ₹12.77.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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