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543988

NUVAMA WEALTH MANAGEMENT LIMITED

NUVAMA

NOTLISTED

INE531F01023

New

Acquisition (including agreement to acquire)

true

2026-11-06

13:55:00

2026-11-06

Nuvama Wealth Management Limited

Material Subsidiary

Nuvama Wealth Finance Limited

7290200000

895900000

11898700000

false

true

Non-Banking Financial Services

For general business purposes of the WOS.

true

Tentatively within 6 (six) months from the date of intimation.

Cash

4000000000

amount not exceeding Rs. 400 crores

4000000000

NWFL was incorporated under the Companies Act on October 27, 1994. NWFL became WOS of the Company with effect from May 4, 2020. NWFL is registered with the Reserve Bank of India as a Systemically important non-deposit taking Non-Banking Finance Company. It is primarily engaged in the business of advancing loan against securities.

1994-10-27

2025-2026

7290200000

2024-2025

6326800000

2023-2024

5470200000

India

The Company has approved a capital infusion of up to Rs.400 crores into Nuvama Wealth Finance Limited , its wholly owned subsidiary, by way of subscription to equity shares. This infusion will not result in any change to the Company’s shareholding percentage in the wholly subsidiary i.e. 100%. Accordingly the same cannot be considered as acqusition.