Announced Wed, 29 Jul · 15:04 IST
Credit rating upgraded for subsidiary Nuvama Wealth NCDs
NUVAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹1799.00
prior close
₹1818.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1-0.1—+0.0-0.5-1.9-5.9-6.8-8.4-3.3———
Up moveDown movePending
AI summary
Acuite Ratings upgraded the long-term rating on Non-Convertible Debentures of Nuvama Wealth and Investment Limited, a wholly owned subsidiary, from ACUITE AA-/Stable to ACUITE AA/Stable. The upgrade reflects improved creditworthiness of the subsidiary.
Likely market impact
Positive for subsidiary's borrowing cost and investor confidence; signals stronger financial health.