Nuvama Wealth Management Ltd. Invests Rs. 100.00 Crores in Subsidiary
Nuvama Wealth Management Ltd. announced an investment of Rs. 100,00,00,175 (Rupees one hundred crore and one hundred seventy-five only) through a subscription in the right issue of equity shares of Nuvama Wealth Finance Limited, a wholly-owned subsidiary of the company. The investment was approved on April 2, 2026.Nuvama Wealth Finance Limited ('NWFL') is a Systemically important non-deposit taking Non-Banking Finance Company. As of March 31, 2025, NWFL’s total revenue was Rs. 632.68 Crores, and its net worth stood at Rs. 900.70 Crores.
The transaction, undertaken at an arm’s length basis, does not constitute a related party transaction according to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The investment is intended for general business purposes of the subsidiary. The completion of the rights issue is tentatively expected within two months.
The investment involves the acquisition of 11,97,605 equity shares with a face value of Rs. 10 each, at a premium of Rs. 825 per share. This will not alter the company's shareholding in NWFL, which will remain a wholly-owned subsidiary.
NWFL was incorporated on October 27, 1994 and became a wholly-owned subsidiary of Nuvama Wealth Management Ltd. on May 4, 2020. It is registered with the Reserve Bank of India and primarily engages in advancing loans against securities.
Below is a summary of NWFL’s total revenues over the past three fiscal years:
| Year | Total Revenues (Rs. Crs.) |
|---|---|
| FY25 | 633 |
| FY24 | 547 |
| FY23 | 454 |
Source:
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