Every Spin-Off
Nuvama Wealth Management
NUVAMA INCompletedINManages money and investments for wealthy Indian families, runs asset-management funds, and offers stockbroking and investment banking to institutions.
Edelweiss Financial Services distributed part of its holding in Nuvama Wealth Management (about 1.05 crore shares, described as a 30% holding) to its shareholders through a demerger after selling control to PAG, with Nuvama listing on NSE and BSE.
- Distribution date
- 26 Sep 2023
- Structure
- Partial spin
- Parent
- Edelweiss Financial Services (EDELWEISS IN)
- Spin-off ticker
- NUVAMA IN
- Listing
- NSE and BSE
- Market
- India
- Sector
- Financials
- Size
- small
Source documents
- Press releaseEdelweiss AGM presentation: Nuvama listing completed (09/26/23)
- PresentationNot located
- Prospectus / demerger documentNot located
- Sourceinvesting.com
- Sourceyourstory.com
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