Nuvama wealth management shares tumbled down almost 7 per cent on the NSE (National Stock Exchange), after shares worth Rs 2,732.55 changed hands in the block deal in the morning session. The shares of Nuvama Wealth Management went on to touch the day low level of Rs 6,

As per reports, two Edelweiss group entities, namely E Cap Equities and Edel Finance Company were likely to offload a 7.1 per cent stake in Nuvama Wealth management via block deals

Edelweiss sells stake in Nuvama Wealth Management, wealth management firm’s shares tumble; analysts optimistic about future prospects.

Sources earlier told CNBC-TV18 that the stake sale would be valued at around ₹1,734 crore and was being executed as a clean-out trade. The transaction would be priced at ₹6,800 per share, reflecting a 6.