Edelweiss Financial Services sold a 6.2% stake in Nuvama Wealth Management via block deals, raising Rs 1,481 crore. Major buyers include Morgan Stanley and Goldman Sachs. Shares of Nuvama Wealth rose 1% to Rs 6,837.15, signaling positive investor response. This sale may streamline Edelweiss’ portfolio, while buyers gain exposure to growing wealth management opportunities.
