Nippon Life India Asset Management to Collaborate with DWS Group in AIF Franchise Development

The Board of Directors of Nippon Life India Asset Management Limited (NAM India) has authorized the Company to enter into a strategic collaboration with DWS Group GmbH & Co. KGaA (DWS), a leading European asset manager. The Parties aim to jointly develop and build a leading Alternative Investment Fund (AIF) franchise in India, with DWS acquiring a minority stake of up to 40% in Nippon Life India AIF Management Limited (NAIF), a wholly owned subsidiary of NAM India. The collaboration also includes working closely in other areas such as passive investment products and global distribution. The proposed arrangement is subject to due diligence, execution of definitive agreements, and receipt of necessary regulatory and other approvals.