Nuvama Wealth Management has received approval for incorporation of wholly owned subsidiaries of the company in India and United Arab Emirates (UAE).
Nuvama Trusteeship Company will be incorporated in India to carry out inter-alia corporate trusteeship services and other activities. Nuvama Investment Advisors (UAE) LLC will be incorporated in UAE primarily to arrange, advice, promote and service financial products to clients in the mainland UAE. The Board of Directors of the company at their meeting held today, inter-alia, considered and approved the same.
The company is a broker with recognized stock exchanges. Also providing research services and acting as a syndicate member for distribution of IPO's.
