Announced Fri, 19 Jun · 16:08 IST
Promoters confirm no new share pledging in FY26
Ownership Changes View source PDF
NUVAMA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹1747.80
prior close
₹1739.60
base price
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AI summary
PAGAC Ecstasy Pte Ltd and Asia Pragati Strategic Investment Fund, part of the promoter and promoter group of Nuvama Wealth Management, have declared under SEBI takeover rules that they did not create any new encumbrance (pledge) on their shares in the company during the financial year ended March 31, 2026, apart from what was already disclosed.
Likely market impact
No fresh pledging of promoter shares is reassuring for shareholders as it limits the risk of forced selling and signals stable promoter confidence.