PAG weighs restart on Nuvama Wealth stake sale – report

Private equity steadfast PAG is assessing whether to restart a merchantability process for its controlling holding successful Nuvama Wealth Management, formerly called Edelweiss Wealth Management, reported Moneycontrol citing sources.

Recent shareholding disclosures amusement PAG owns 54.13% of Nuvama Wealth Management done Asia Pragati Strategic Investment Fund and Pagac Ecstasy.

Last year, Bloomberg besides reported that PAG is weighing options including a merchantability of its $1.2bn (Rs104.5bn) bulk involvement successful Nuvama.

"PAG has been invested for much than 5 years and pursuing an effort past twelvemonth which didn't fructify into an eventual merchantability owed to a valuation mismatch with PE suitors and different factors, it is present weighing an exit again. The marketplace sentiment is amended now, and it volition beryllium absorbing to spot however the valuations cookware retired this time," 1 of the radical said.

PAG invested astir $325m to get power of Nuvama successful March 2021.

"Nuvama is simply a precocious maturation plus with profits of implicit Rs 1,000 crore. Soft approaches are understood to person been made by imaginable suitors though these deliberations are preliminary successful nature. No last determination has been taken yet connected the woody motorboat by PAG," a 2nd idiosyncratic said.

A 3rd idiosyncratic said, "Based connected aboriginal feedback from apt bidders, which whitethorn see PE firms arsenic good arsenic strategics, if PAG decides to proceed, past 1 tin expect the ceremonial merchantability process to kickstart successful extremity July oregon aboriginal August. There are fewer ample deals similar this successful the marketplace truthful the transaction whitethorn garner important interest."

"If required, PAG has different options arsenic well, including exploring an exit successful tranches via aggregate artifact deals," a 4th idiosyncratic said.

The 4 radical spoke to Moneycontrol connected information of anonymity.

As of Q4 FY26, Nuvama managed Rs 4.5tn ($47.8bn) successful lawsuit assets and served clients including much than 13 lakh HNIs and implicit 4,750 families successful India.

The institution provides wealthiness absorption services including concern advisory, property planning, concern management, lending and broking for individuals, institutions, CXOs, nonrecreational investors and household offices.

It is besides progressive successful alternate plus absorption products, plus services and superior markets.

"PAG weighs restart connected Nuvama Wealth involvement merchantability – study " was primitively created and published by Private Banker International, a GlobalData owned brand.