India's Nuvama Wealth jumps after report Warburg Pincus mulls majority stake buy

Nuvama Wealth Management

17/06/2025 08:52

** Shares of Nuvama Wealth Management NUVA.NS jump 3.5% to 7309 rupees

** Stock rises after TV channel ET Now reports, citing sources, that private equity firm Warburg Pincus is considering buying a majority stake in NUVA

** Nuvama Wealth Management and Warburg Pincus did not immediately respond to Reuters' request for comment

** Separately, more than 41,000 shares of NUVA change hands via block deals in price range of 7244.5-7282.5 rupees vs last close of 7062 rupees - LSEG data

** Stock up 5.5% YTD

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))