India's Nuvama Wealth jumps after report Warburg Pincus mulls majority stake buy
ReutersJun 17, 2025 7:52 AM
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
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