Nuvama Wealth Management board approves investment of up to Rs 700 cr in subsidiaries

At meeting held on 06 November 2026

The board of Nuvama Wealth Management at its meeting held on 06 November 2026 has approved the following:

- investment of an amount not exceeding Rs. 400 crore, in one or more tranches, through subscription in the equity shares of Nuvama Wealth Finance (NWFL), a wholly owned material subsidiary of the Company.

- investment of an amount not exceeding Rs. 300 crore, in one or more tranches, through subscription in the equity shares of Nuvama Wealth and Investment (NWIL), a wholly owned material subsidiary of the Company.