12/12/2024, 11:24:04 am

Nuvama Wealth shares fall 5% as Edelweiss likely sold stake

Nuvama Wealth shares fell by up to 5% in Thursday morning trade after a large block deal in which 30 lakh shares of the company changed hands at a per-unit price of Rs 7,025. The deal, which involved 8.4% equity in Nuvama Wealth, is said to be worth around Rs 2,100 crore, and Edelweiss Group was looking to sell its stake in it, according to TV reports.