Olympian Finvest Private Limited Acquires 94,000 Shares in Nova Iron & Steel Ltd
Olympian Finvest Private Limited has acquired a stake in Nova Iron and Steel Limited through the purchase of 94,000 shares from Aarti Iron & Power Private Limited. The transaction, which took place on July 8, 2026, was executed for Rs. 11/- per share.The acquisition is reportedly aimed at restructuring among Promoters and the Promoter Group of Nova Iron & Steel Ltd.
Olympian Finvest held a significant stake in the target company prior to this transaction, and the purchase increases its holding. Aarti Iron & Power Private Limited divested all its shares in Nova Iron and Steel Ltd. as part of the deal.
A detailed breakdown of the shareholding before and after the transaction is provided below:
| Stakeholder | Transaction Type | Pre-Transaction Shares Held (at TC) | Post-Transaction Shares Held (at TC) |
|---|---|---|---|
| Olympian Finvest Private Limited | Acquirer | 45,73,675 shares (12.66%) | 46,67,675 shares (12.92%) |
| Aarti Iron & Power Private Limited | Seller/Transferor | 94,000 shares (0.26%) | Zero shares (0%) |
The acquisition details are summarized in the table below:
| Detail of Transaction | Value |
|---|---|
| Target Company Name | Nova Iron & Steel Limited |
| Acquirer Name | Olympian Finvest Private Limited |
| Seller Name | Aarti Iron & Power Private Limited |
| Date of Acquisition | 08/07/2026 |
| Number of Shares Acquired | 94,000 |
| Total Shares Acquired (as % of TC) | 0.26% |
| Price per Share | Rs. 11/- |
Stock Price Movement
As of 09:45, Nova Iron & Steel Ltd is ticking up significantly at ₹12.99, having gained +5.27% in early trading. The shares moved across a volatile intraday range, finding support near the low of ₹12.25 and testing resistance near the high of ₹13.45.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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