Nuvama Wealth witnessed a significant transaction today, with 6.2% of its equity, representing 22.1 lakh shares, changing hands through the block deal window. This follows yesterday’s block deal involving sellers Edel Finance Company Limited and Ecap Equities Ltd, who executed the sale at an offer floor price. The sellers are also subject to a 75-day lockup period, during which they cannot sell further shares of the company.
This transaction highlights increased trading activity and interest in Nuvama Wealth’s stock, with substantial stakes shifting hands within a short span of time.
