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Nova Iron & Steel LtdInsider Trading, 01-01-1970: Insider Trading / SAST

01-01-1970 | 12:00 am

Olympian Finvest Private Limited, a promoter group entity of Nova Iron & Steel Limited, has increased its stake in the company. Through an off-market transfer, the entity acquired 42,91,675 equity shares. This acquisition boosted their shareholding by 11.88%. As a result, Olympian Finvest Private Limited now holds 43,85,675 equity shares, representing 12.14% of Nova Iron & Steel Limited's total voting capital. Such an increase in promoter ownership typically indicates strong alignment and confidence in the company's long-term prospects.

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