Joint Venture14 Mar 2026, 03:53 pm
Nippon Life India Asset Management to Jointly Develop Alternative Investment Funds Franchise with DWS Group
AI Summary
Nippon Life India Asset Management Limited (Nippon India AMC) has approved the execution of a Shareholder’s Agreement (SHA) with DWS Group GmbH & Co. KGaA (DWS) for the joint development and building of a leading alternative investment funds franchise in India. DWS has agreed to acquire a minority stake of up to 40 percent in Nippon Life India AIF Management Limited (NAIF), a wholly owned subsidiary of Nippon India AMC, by subscribing to fresh issuance of equity shares. The transaction is expected to be completed within 12 months, subject to regulatory approvals and other conditions.
Key Highlights
- Nippon India AMC and DWS to jointly develop alternative investment funds franchise in India
- DWS to acquire a minority stake of up to 40 percent in NAIF
- Transaction expected to be completed within 12 months, subject to regulatory approvals and other conditions
- NAIF to cease to be a wholly owned subsidiary of Nippon India AMC and continue as a subsidiary
- DWS to pay INR 733,34,60,000/- as consideration for acquiring 40% equity stake in NAIF