Bengaluru, Oct. 3 -- The shares of the prominent financial service provider gained up to 5 percent in today's trading session after the company received SEBI approval to sponsor and set up the proposed Mutual Fund.

With a market capitalization of Rs 24,222.91 crore, the shares of Nuvama Wealth Management Ltd were trading at Rs 6,716.60 per share, increasing around 3.51 percent as compared to the previous closing price of Rs 6,488.80 apiece.

SEBI Approval

The shares of Nuvama Wealth Management Ltd have seen bullish movement after receiving approval to sponsor and set up the proposed Nuvama Mutual Fund. The final approval for registration of Mutual Fund will be granted by SEBI.

Moreover, In January 2025, the company announced applying f...