Nuvama Wealth Management’s board has approved a stock split, an interim dividend of ₹70 per share, and a ₹200 crore investment in Nuvama Wealth Finance Limited (NWFL). The stock split aims to enhance liquidity and make shares more affordable for retail investors. The dividend record date is November 11, 2025. The investment will support the growth of NWFL, a wholly-owned subsidiary.
Stock Split to Boost Liquidity
Nuvama Wealth Management announced a sub-division/split of its equity shares, pending member approval. Each share with a face value of ₹10 will be split into five shares with a face value of ₹2 each. The company believes this will improve the stock’s liquidity and broaden retail investor participation.
Interim Dividend Declared
The board has declared an interim dividend of ₹70 per share for the financial year 2025-26. The record date for determining eligibility is set for November 11, 2025, and the dividend will be paid by December 3, 2025, subject to applicable taxes.
Investment in Subsidiary
Nuvama Wealth Management will invest ₹200 crore in Nuvama Wealth Finance Limited (NWFL) through a subscription to its rights issue. NWFL is a wholly-owned material subsidiary, and this investment aims to support its growth initiatives. The board authorized this investment at its meeting held on November 4, 2025.
Financial Performance Highlights
For Q2 (Jul-Sep) of FY26, Nuvama Wealth Management reported a consolidated profit before tax of ₹334.63 crore. The company’s total income stood at ₹1,137.93 crore for the same period.
Segment-Wise Revenue
- Wealth Management Business: ₹688.18 crore
- Asset Management Business: ₹35.08 crore
- Capital Markets Business: ₹439.08 crore
These results were reviewed and approved by the board of directors at its meeting on November 4, 2025.
Source: BSE
