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PAG halts Nuvama sale amid Sebi probe
Mint Chennai
|September 09, 2025
Asian private equity firm PAG's potential sale of its controlling stake in Nuvama Wealth Management Ltd has slowed down amid valuation concerns following an investigation of Jane Street Group by the Securities and Exchange Board of India (Sebi), according to people familiar with the matter.
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While sale considerations are ongoing, a transaction might be delayed as bidders including buyout firms and industry players need more time to evaluate the impact of the Jane Street case on Mumbai-listed Nuvama, the people said, asking not to be iden
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