Nippon Life India AM: IPO Proceeds Utilization Report Q4 FY26

Nippon Life India Asset Management Ltd has submitted the Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by HDFC Bank Limited, confirms the utilization of IPO proceeds in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The monitoring agency declared that there was no deviation from the objects of the IPO and no range of deviation. It also confirmed that all utilization was as per the Offer Document, and all necessary government/statutory approvals were obtained. The IPO, conducted from October 25-27, 2017, raised ₹1542.24 Crores, primarily for general corporate purposes.