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.