Nuvama has announced the incorporation of a wholly-owned subsidiary named Nuvama Trusteeship Company Limited. This new entity will focus on providing corporate trusteeship services and related activities. The incorporation took place on December 9, 2025, and Nuvama Wealth Management Limited will be the holding company. The initial investment in the subsidiary is ₹1,00,00,000.
Subsidiary Company Incorporation
Nuvama has established a new wholly-owned subsidiary, Nuvama Trusteeship Company Limited, to expand its service offerings. The subsidiary was officially incorporated on December 9, 2025.
Details of Nuvama Trusteeship Company Limited
Nuvama Wealth Management Limited serves as the holding company for the newly formed subsidiary. The primary business focus of Nuvama Trusteeship Company Limited will be engaging in corporate trusteeship services and other related activities.
Investment and Structure
The total investment in Nuvama Trusteeship Company Limited amounts to ₹1,00,00,000, divided into 10,00,000 equity shares with a face value of ₹10 each. Nuvama holds 100% of the shareholding in the new subsidiary.
Source: BSE