India's Nuvama rises after media report says private equity groups vying for controlling stake

India's Nuvama Wealth Management NUVA.NS up 3.25% to 7,497 rupees
Private equity buyout groups CVC Capital Partners CVC.AS, Permira and EQT are separately talking with PE firm PAG to buy its controlling stake in NUVA, Economic Times reports

HSBC also in talks, in a buyout that could be worth $1.6 billion, report says
The four contenders have been shortlisted, report adds
CVC CVC.AS, EQT, PAG and Nuvama did not immediately respond to Reuters' request for comment; Permira and HSBC declined to comment
Report adds due diligence is ongoing with an aim to submit binding bids by July-end, a deadline that may be difficult to meet
NUVA closed more than 11% lower on Friday after India's markets regulator barred trading firm Jane Street from the local securities market

NUVA is Jane Street's India trading partner
Shares up 7.3% YTD