PAG has selected JP Morgan and Morgan Stanley as advisors for the significant sale of its controlling stake in Nuvama Wealth. This strategic move indicates PAG’s intent to offload a major asset, potentially attracting considerable interest from various investors. The involvement of prominent financial institutions like JP Morgan and Morgan Stanley suggests that the sale will be conducted with a focus on maximizing value and ensuring a competitive bidding process. Further details regarding the timeline and valuation of the sale are expected as the transaction progresses, highlighting PAG’s commitment to optimizing its investment portfolio.
PAG has selected JP Morgan and Morgan Stanley as advisors for the significant sale of a controlling interest in Nuvama Wealth…