Warburg Pincus Evaluates 54% Stake Purchase in Nuvama Wealth Management
Global private equity firm Warburg Pincus is reportedly considering acquiring a 54% stake in Nuvama Wealth Management, valued at $1.60 billion, from current majority stakeholder PAG. Nuvama Wealth, formerly Edelweiss Wealth Management, offers wealth management, asset management, and capital markets services. The company recently reported strong financial results with a 41% year-on-year growth in net profit to Rs 255 crore and a 29% increase in revenue to Rs 771 crore. JPMorgan and Morgan Stanley are likely advising on the potential sale.
29May 25
Nuvama Wealth Management Reports 41% Surge in Q4 Net Profit, Announces Dividend
Nuvama Wealth Management announced strong Q4 results with a 41% increase in net profit to ₹255 crore. Full-year net profit grew 58% to ₹985 crore. The company declared an interim dividend of ₹69 per share. Total income for Q4 reached ₹1,125 crore.
Nuvama Wealth Management's Q4 results show 8.30% revenue growth to ₹1,119.80 crore and 1.40% net profit increase to ₹255.30 crore. EBITDA declined 1.20% QoQ with margin contraction. The company declared an interim dividend of ₹69.00 per share, with June 3, 2025, as the record date.
27Feb 25
Nuvama Wealth Management Addresses Speculation on PAG's Potential Stake Sale
Nuvama Wealth Management has responded to market speculation about a potential $1.2 billion stake sale by its majority shareholder, PAG. In a BSE filing, the company stated that no event requiring disclosure under SEBI regulations has occurred. Reports suggest PAG, which holds a 54% stake, is considering a strategic review of its investment. Nuvama Wealth Management has committed to ongoing transparency and compliance with regulatory requirements.