Invesco Mutual Fund increased its stake in Nuvama Wealth Management from 1.49% to 1.56% by purchasing 1,24,554 shares. The value of the additional shares is ₹23.21 crore at ₹1863.10 apiece.
A financial services company providing broking, trading, and investment advisory services in India's capital markets. Nuvama Wealth Management operates as a registered stockbroker, investment adviser, and merchant banker under SEBI regulations, serving institutional and retail clients. The firm offers equity trading, wealth management solutions, and investment banking services across multiple market segments and customer categories throughout India.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
