- investment of an amount not exceeding Rs. 400 crore, in one or more tranches, through subscription in the equity shares of Nuvama Wealth Finance (NWFL), a wholly owned material subsidiary of the Company.
- investment of an amount not exceeding Rs. 300 crore, in one or more tranches, through subscription in the equity shares of Nuvama Wealth and Investment (NWIL), a wholly owned material subsidiary of the Company.
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