India's Nuvama Wealth falls on report of block deals at discount

Nuvama Wealth Management

12/12/2024 06:35

** Shares of Nuvama Wealth Management  NUVA.NS  slip 5.7% to
6,878 rupees
    ** Edel Finance and Ecap Equities have launched 17.3 billion
rupees ($203.9 million) block share sale at floor price of 6,800
rupees, 6.8% discount to prev close, IFR reports
    ** Edel Finance, Ecap Equities exiting NUVA - IFR
    ** Edel Finance and Ecap Equities hold 3.74% and 3.58% in
co, respectively
    ** About 4.3 mln shares change hands in most active session
ever
    ** Nuvama Wealth did not immediately respond to Reuters
request for comments on block deals
    ** NUVA shares up 91% YTD 
    




($1 = 84.8650 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))