Established in 1993, Nuvama Wealth Management Limited (NWML) is a cornerstone of the Nuvama Group. The company specialises in broking and trading equity securities, derivatives, and currencies on Indian stock exchanges. Catering to both institutional and retail clients, NWML has carved a niche in the equity markets, offering research-backed insights, sales, and trading services.
Registered with SEBI as an Investment Adviser and Merchant Banker, the company also distributes research reports to its clients as part of its Institutional Equities segment. Its broad spectrum of services and strong regulatory compliance have made it a key player in the Indian financial markets.
On December 12, 2024, a massive block deal in Nuvama Wealth Management witnessed 8.4% equity, equating to 30 lakh shares, changing hands at ₹7,025 per share. The total transaction value stood at a staggering ₹2,100 crore.
By 12:20 PM on the same day, the stock had slumped over 5%, with trading volumes on the NSE reaching 44.17 lakh shares. While the identities of the buyer and seller remain undisclosed, the deal underscores the liquidity and institutional interest in the stock.
The recent transaction follows a series of equity offloads by key stakeholders. In September, Edel Finance Company and Ecap Equities sold a combined 6.2% stake in NWML through a block trade.
As of the September quarter, Edel Finance Company’s holding reduced to 3.74%, while Ecap Equities’ stake fell to 3.58%, a notable decrease from 5.18% and 8.44%, respectively, in the June quarter.
In late August, founders of Edelweiss Financial Services, Rashesh Shah and Venkatchalam Ramaswamy, also sold portions of their stakes in NWML, although the exact figures were not disclosed. By the end of the September quarter, Ramaswamy held 1.31% equity, while Shah retained a 2.49% stake.
The block deal caused immediate market ripples, with NWML’s share price declining by over 5% during the trading session. The significant volume of shares traded—far above the daily average—reflects heightened investor activity, likely driven by institutional transactions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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