Nuvama Wealth Management Limited received an Administrative Warning on November 29, 2024, from SEBI advising the Company to be careful in future and avoid the recurrence of the observations.
The letter has been issued in connection with the inspection of public issues of debt managed by the Company as a Merchant Banker.
The observations were related to public issues of debt managed by the Company and pertain to strengthening the documentation and further improving the process.
Company has been advised to be careful in the future and avoid recurrence of the observations.
The disclosure to the Exchange was made under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
