Nuvama shares rally 4% as $1.6 billion buyout buzz offsets Jane Street overhang

Shares of Nuvama Wealth rose 4.3% on Monday, recovering part of Friday’s losses after a Sebi order, as reports of a potential $1.6 billion buyout lifted investor sentiment. Global private equity giants CVC, Permira, EQT, and HSBC are in advanced talks to acquire PAG’s controlling stake, triggering fresh interest in the wealth manager amid a highly competitive bidding race.