Nippon Life India Asset Management Joins Forces with DWS Group – European Company to Acquire 40% Stake

Nippon Life India Asset Management Limited (NAM India) announced on Thursday (November 13) that the company’s board has approved a strategic collaboration with European asset manager DWS Group GmbH & Co. KGaA. The company stated that under this proposed agreement, DWS will acquire a maximum 40% stake in Nippon Life India AIF Management Limited (NAIF), a wholly-owned subsidiary of NAM India.

This investment will be made through a fresh equity subscription. The two companies aim to develop a robust alternative investment fund (AIF) platform in India. NAM India and DWS Group will also collaborate in other areas such as passive investment products and global distribution. The MoU between the two parties is non-binding and serves as a preliminary agreement to facilitate further discussions. The deal will be subject to due diligence, regulatory approvals and execution of final agreements.