Nuvama Wealth Management Invests Rs. 100 Crore in Wholly Owned Subsidiary Nuvama Wealth Finance

Nuvama Wealth Management Ltd. has approved an investment of Rs. 100,00,00,175 in the right issue of equity shares of its wholly owned material subsidiary, Nuvama Wealth Finance Limited. Nuvama Wealth Finance is a Systemically important non-deposit taking Non-Banking Finance Company with a total revenue of Rs. 632.68 Crores for the year ended March 31, 2025. The investment will not fall within the ambit of Related Party Transactions and will be at arm's length basis. The consideration is in the form of cash, with the Company acquiring 11,97,605 equity shares at a premium of Rs. 825 per share. This investment is for general business purposes and there are no governmental or regulatory approvals required for the acquisition. The acquisition is tentatively expected to be completed within 2 months from the date of intimation.