PAGAC Ecstasy Pte Ltd files SEBI takeover disclosure for Nuvama Wealth Management Limited

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

PAGAC Ecstasy Pte Ltd (Singapore-incorporated) has submitted a Regulation 31(4) disclosure to NSE indicating substantial acquisition of shares in Nuvama Wealth Management Limited, a BFSI entity. The specific quantum of shareholding and consideration are not apparent from the disclosed headline metadata. Takeover Code compliance requires such disclosures within 48 hours of crossing thresholds.

Why it mattersSEBI Regulation 31(4) disclosure is a gating requirement signalling that the acquirer has crossed a material shareholding threshold (likely 25% or higher) and must publicly disclose within 48 hours; the absence of a public announcement from Nuvama suggests either an off-market acquisition structure or delayed mandatory public announcement.
Counsel—
SectorFinancial Services
[object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals