FilingReader Intelligence
Nuvama subsidiary fined $6,000 by SEBI for operational gaps
July 17, 2025 at 09:50 AM UTC•By FilingReader AI
Nuvama Wealth Management Limited announced its wholly-owned subsidiary, Nuvama Wealth and Investment Limited, was fined INR 500,000 by the Securities and Exchange Board of India.
The penalty followed a joint inspection by SEBI, Exchanges, and Depositories covering April 2022 to November 2023, which identified operational gaps.
Nuvama said the penalty has no impact on the company's financials, operations, or other activities.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
BSE:NUVAMA•Bombay Stock Exchange
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