Nuvama Wealth Management Declares Q1 FY27 Unaudited Financial Results
Nuvama Wealth Management Ltd announced its unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The Board of Directors also approved the re-appointment of Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors for a second term. Additionally, the company resolved to raise funds up to ₹500 Crores via Non-convertible Debentures and approved the acquisition of an additional 26% stake in its subsidiary, Pickright Technologies Private Limited, making it a wholly-owned subsidiary. An investment of up to ₹100 crores in Nuvama Asset Management Limited was also approved.
Key Highlights
- Unaudited Consolidated and Standalone Financial Results for Q1 FY27 declared.
- Re-appointment of two Independent Directors approved.
- Fundraising via Non-convertible Debentures up to ₹500 Crores approved.
- Acquisition of additional 26% stake in Pickright Technologies Private Limited.
- Investment of up to ₹100 crores in Nuvama Asset Management Limited approved.
Price Impact
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