According to reports the company was looking to sell a minority stake in its mutual fund arm and has initiated the process by hiring an investment banker.
The 13th largest fund house may be valued around $700-$800 million
Nuvama Wealth Management was listed on the BSE and NSE in September 2023, following the demerger of Edelweiss Financial Services' wealth management business
The market regulator Sebi has proposed measures to curb excessive speculation in F&O; a move that could impact trading volumes, believe analysts; Here are key levels to watch on broking related stocks
Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.