Edelweiss Financial Services Ltd. has announced that the merger between Edelweiss Financial Services Ltd. and Nuvama Wealth Management Ltd. has become effective as of May 18, 2023 and the appointed date of the scheme is May 18, 2023 with record date fixed for determining shareholders of Edelweiss Financial Services Ltd. on June 2, 2023 to allot equity shares of Nuvama Wealth Management Ltd.