Acquisitions15 Nov 2024, 06:33 pm
Maithan Alloys Acquires Shares of Nuvama Wealth Management Limited for Rs. 4.96 Crore
AI Summary
Maithan Alloys Ltd. has acquired equity shares of Nuvama Wealth Management Limited, a stock broking entity, through the stock exchange. The acquisition was completed on 14th November 2024, with a total cost of Rs. 4.96 Crore. This resulted in Maithan Alloys holding 0.27% of Nuvama Wealth Management's shares. Nuvama Wealth Management is licensed with and regulated by the Securities and Exchange Board of India, and is engaged in trading & broking activities for institutional and retail clients, as well as distribution of research reports on Indian Securities. The acquired entity has a presence in India, UK, USA, Hongkong, Singapore, and Mauritius.
Key Highlights
- Maithan Alloys acquired shares of Nuvama Wealth Management Limited through the stock exchange.
- The total cost of acquisition was Rs. 4.96 Crore.
- This resulted in Maithan Alloys holding 0.27% of Nuvama Wealth Management's shares.
- Nuvama Wealth Management is a licensed stock broking entity with the Securities and Exchange Board of India.
- The acquired entity has a presence in India, UK, USA, Hongkong, Singapore, and Mauritius.