Nuvama Wealth Management’s Board has approved a ₹70 interim dividend, a stock split (1 share into 5), and an investment of ₹200 crore in its subsidiary, Nuvama Wealth Finance Limited (NWFL). The stock split aims to enhance liquidity, while the NWFL investment supports its growth. Tuesday, November 11, 2025, is fixed as the record date for the dividend.
Stock Split Details
The Board approved a sub-division or split of equity shares, where one equity share with a face value of ₹10 will be divided into five equity shares with a face value of ₹2 each. This is subject to member approval.
Interim Dividend Announced
An interim dividend of ₹70 per equity share was approved. The record date for determining eligible shareholders is November 11, 2025. Dividend payout will occur on or before December 3, 2025, pending applicable tax considerations.
Investment in Nuvama Wealth Finance Limited
An investment of ₹200 crore has been greenlit towards subscribing to the Rights Issue of Nuvama Wealth Finance Limited (NWFL), a wholly-owned material subsidiary.
Financial Results Overview
The Board reviewed and approved the unaudited financial results (both consolidated and standalone) for Q2 FY26, ending September 30, 2025.
Auditor Review
The financial results have been reviewed by the statutory auditors, who issued an unmodified review report.
Subsidiary Dividends
Subsequent to the quarter’s end, two subsidiaries declared dividends, resulting in ₹230.55 crore received by Nuvama.
Source: BSE
