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Nuvama Wealth Management Limited ( (IN:NUVAMA) ) has issued an announcement.
Nuvama Wealth Management Limited announced that its material subsidiary, Nuvama Wealth and Investment Limited (NWIL), received administrative warnings from the Securities and Exchange Board of India (SEBI) following a thematic inspection of its retail broking operations. The warnings advised NWIL to be cautious and prevent future occurrences of the observed issues. Importantly, the company stated that these warnings do not impact its financials, operations, or other activities, indicating stability in its ongoing business operations.
More about Nuvama Wealth Management Limited
Nuvama Wealth Management Limited operates in the financial services industry, focusing on wealth management and investment services. The company is involved in the retail broking business, providing services related to the onboarding and verification of client shares.
YTD Price Performance: -17.31%
Average Trading Volume: 6,391
For a thorough assessment of NUVAMA stock, go to TipRanks’ Stock Analysis page.
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