Financial services company, Nuvama Wealth Management Ltd, on Friday (July 4) issued a clarification in response to a sharp decline in its share price, stating that it is not aware of any undisclosed material information that could have triggered the movement.The company said it is not privy to any negotiations as referred to in the exchange’s communication and confirmed that no event requiring disclosure under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, has occurred.
Nuvama also stated that there are no regulatory or legal proceedings pending against the company in relation to the matter. It further confirmed compliance with Regulation 30 and reiterated its commitment to the timely disclosure of all material events, as required by the listing regulations.
Also Read: Jane Street Impact: Capital market shares Nuvama Wealth, Angel One, CDSL fall up to 10%The clarification comes amid investor concerns following SEBI’s interim order against US-based trading firm Jane Street, which reportedly had trading links with Nuvama. Despite the market reaction, the company maintained that no new developments require an announcement.
Nuvama also stated that there are no regulatory or legal proceedings pending against the company in relation to the matter. It further confirmed compliance with Regulation 30 and reiterated its commitment to the timely disclosure of all material events, as required by the listing regulations.
Also Read: Jane Street Impact: Capital market shares Nuvama Wealth, Angel One, CDSL fall up to 10%The clarification comes amid investor concerns following SEBI’s interim order against US-based trading firm Jane Street, which reportedly had trading links with Nuvama. Despite the market reaction, the company maintained that no new developments require an announcement.
In an order released in the early hours of Friday, the market regulator has found Jane Street, a New York-based hedge fund, guilty of manipulating the indices by taking bets in the cash and and options markets simultaneously for making handsome gains.
It has suspended the hedge fund from accessing the market and impounded over ₹4,843 crore in gains. The probe has found that JS made a profit of ₹36,671 crore on a net basis during the probe period from January 2023 to May 2025.
(Edited by : Ajay Vaishnav)
