** Shares of Nuvama Wealth Management NUVA.NS jump 3.5% to 7309 rupees
** Stock rises after TV channel ET Now reports, citing sources, that private equity firm Warburg Pincus is considering buying a majority stake in NUVA
** Nuvama Wealth Management and Warburg Pincus did not immediately respond to Reuters' request for comment
** Separately, more than 41,000 shares of NUVA change hands via block deals in price range of 7244.5-7282.5 rupees vs last close of 7062 rupees - LSEG data
** Stock up 5.5% YTD
(Reporting by Nishit Navin in Bengaluru)
((nishit.navin@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.