Nuvama Wealth Management Ltd

Nuvama Invests ₹100 Cr+ in Subsidiary NWFL 📈

• Nuvama invests ₹100,00,00,175 in subsidiary NWFL via rights issue

• Investment involves subscribing to 11,97,605 equity shares at ₹10 face value + ₹825 premium per share

• NWFL is a systemically important non-deposit taking NBFC established in 1994

• Became wholly-owned subsidiary of Nuvama in May 2020

• NWFL reported total revenue of ₹632.68 crore in FY25

• NWFL's net worth stood at ₹900.70 crore as of March 31, 2025

• Investment supports NWFL's general business purposes

• Transaction expected to be completed within two months

• NWFL remains wholly-owned subsidiary post-investment