Nuvama Wealth Management Limited
Nuvama Group (formerly Edelweiss Wealth Management) is backed 25+ years experience in the Indian market and strengthened by strong institutional ownership with PAG as the promoter of company, a leading investment firm that has been advancing the world of private equity, real assets and credit & markets, in the APAC region.
What Nuvama files
- Others72
- Investor Meet45
- Updates30
- Important27
- QIP/Rights/Pref.14
- Dividend/Bonus10
Nuvama's board committee approved granting 79,38,556 stock appreciation rights to eligible employees. These incentives vest over 4-5 years, linking future share issuance to stock performance.
Nuvama reported a record quarterly profit of ₹309.4 Cr (+16% YoY), with total revenues reaching ₹910 Cr (+18% YoY). Client assets surpassed ₹5 lakh crore, marking significant growth. The loan book also exceeded ₹5,000 Cr. Further strengthening its portfolio, the firm secured a mutual fund license and closed its PRIME...
Nuvama Group delivered its highest-ever quarterly profit of ₹306 Cr. Client assets surpassed ₹5.36 trillion, with revenues up 18% YoY to ₹909 Cr. Strong Wealth Management and Asset Services drove growth. Developments include a mutual fund license and ₹4,000 Cr commercial real estate fund close.
Nuvama's Board approved Q1 results. Plans include raising up to Rs. 500 Cr via NCDs, acquiring the remaining 26% stake in Pickright Technologies for Rs. 2.08 Cr to make it a wholly-owned subsidiary, and investing up to Rs. 100 Cr in Nuvama Asset Management.
Nuvama received an administrative warning from SEBI concerning observations in public issues handled as a merchant banker. The company is advised to strengthen documentation and processes. No financial or operational impact is expected.