Nuvama Wealth Management Block Deal | 8.4% equity worth ₹2,100 crore changes hands

Nuvama Wealth Management Share Price | On Wednesday, December 11, CNBC-TV18 reported citing sources that Edel Finance Company and Ecap Equities were likely to divest a 7.1% stake in Nuvama Wealth management via block deals.

As many as 30 lakh shares, or 8.4% equity, of Nuvama Wealth Management worth ₹2,100 crore changed hands at ₹7,025 per share in block deals.

On Wednesday, December 11, CNBC-TV18 reported citing sources that Edel Finance Company and Ecap Equities were likely to divest a 7.1% stake in Nuvama Wealth management via block deals.

Sources said the stake sale would be valued at around ₹1,734 crore and was being executed as a clean-out trade. The t…