Nuvama wealth share Price

Nuvama Wealth Share Price: Three global private equity buyout firms — CVC Capital Partners, Permira, and EQT — are in advanced discussions with Asia-Pacific-focused investment firm PAG to acquire its controlling stake in Nuvama Wealth Management Ltd, formerly known as Edelweiss Wealth Management. According to a report by The Economic Times on July 7, the potential deal could be valued at around $1.6 billion.

These PE giants are competing alongside HSBC and homegrown investor ChrysCapital to clinch the deal. All five contenders were shortlisted last month following the submission of non-binding bids, the report said.

While News18 has not independently verified the information, the bidding process is reportedly moving into the next stage, with binding offers expected by the end of July.

The deal talks come at a time when Nuvama has attracted regulatory attention following SEBI’s interim trading ban on US-based Jane Street, one of its key international trading partners. SEBI alleged market manipulation by Jane Street in the equity derivatives segment.

The fallout led to Nuvama’s stock falling 11% last week — its steepest decline in three months — amid concerns over its business links with the embattled global trading firm.