Nuvama Wealth Management Ltd - 543988 - Listing of equity shares of Nuvama Wealth Management Ltd
Trading Members of the Exchange are hereby informed that effective from September 26, 2023, the equity shares of Nuvama Wealth Management Ltd (Scrip Code: 543988) are listed and admitted to dealings on the Exchange in the list of ''T'' Group Securities. For further details please refer to the notice no 20230922-15 dated September 22, 2023.
Nuvama Wealth Management's stock market debut on September 26
The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. The scheme of arrangement came into effect on May 18, 2023. Post the demerger, Nuvama plans to enhance focus on its key business segments and grow the client assets significantly over the next 5 years.
General Insurance: Motor, health segments grow at steady rate in July, says Nuvama
The gross direct premium income (GDPI) for motor insurance grew 14.8 percent YoY in July, Nuvama said.