NAM India, DWS Group sign MoU for AIF franchise partnership
NAM-INDIA · price
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Board of Nippon Life India AMC approved a strategic collaboration with DWS Group, a leading European asset manager. DWS will acquire up to 40 percent minority stake in wholly owned subsidiary Nippon Life India AIF Management through fresh equity issuance. Both firms will jointly develop AIF franchise in India and explore passive investment products and global distribution. Non-binding MoU signed, subject to due diligence and regulatory approvals.
Partnership with global asset manager boosts AIF capabilities and unlocks international distribution, positive for growth prospects.