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Thursday Pre Market Adani Wilmer Edelweiss Financial Drive Through Rough Terrains Suzlon Energy HDFC Bank Continue To Be Steady - BW Businessworld

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Nuvama Wealth: Nuvama Wealth makes Dalal Street debut

Nuvama's listing was part of a demerger plan, where the company allotted 1.05 crore shares to the shareholders of Edelweiss Financial on a proportionate basis. Private equity fund PAG owns a 56% stake in Nuvama, while Edelweiss Group holds 14%. Public shareholders of Edelweiss Financial Services hold the rest of the 30% stake.

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nuvama wealth listing: Nuvama Wealth Listing: Shares hit 5% lower circuit following debut at Rs 2,750 on NSE

Ahead of the listing today, Digant Haria, GreenEdge Wealth told ETMarkets that Nuvama Wealth certainly deserved a look because wealth management as a space is expanding and the good part about wealth management is that it is agnostic to products.

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Nuvama Wealth listing date: Nuvama Wealth Management's stock market debut on September 26

​​The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. ​​The scheme of arrangement came into effect on May 18, 2023. Post the demerger, Nuvama plans to enhance focus on its key business segments and grow the client assets significantly over the next 5 years.

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Nuvama: Nuvama plans stock market debut next week, eyes Rs 9,000 cr m-cap

The wealth management firm, earlier called Edelweiss Wealth Management, has received approvals from shareholders and almost all the authorities, including the National Company Law Tribunal and stock exchanges, for listing, chief executive and managing director Ashish Kehair said.

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Vedanta Resources: Rupee ends at record closing low despite cenbank intervention

However, it is unlikely to breach that mark in the near term, according to Sajal Gupta, head of foreign exchange and rates at Edelweiss Financial Services.

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Rupee ends at record closing low despite cenbank intervention

Rupee ends at record closing low despite cenbank intervention
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rupee rate today: Rupee dips but outperforms Asian peers helped by routine inflows

The rupee closed at 82.7475, little changed from 82.7150 in the previous session. Its Asian peers weakened against the U.S. dollar, with the Thai baht and Malaysian ringgit leading the losses.

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Rupee dips but outperforms Asian peers helped by routine inflows

Rupee dips but outperforms Asian peers helped by routine inflows
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