Announced Wed, 22 Jul · 18:03 IST
Q1 FY27 IPO fund use report shows no deviation from stated objects
Compliance View source PDF
NAM-INDIA · price
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AI summary
Nippon Life India AMC filed the Q1 FY27 deviation report for its November 2017 IPO net proceeds of Rs. 588.85 Crores. No deviations from stated objects were reported. So far Rs. 400.39 Crores have been utilised across branches, IT upgrades, marketing, AIF investment, mutual fund schemes and general purposes. The Rs. 165 Crores earmarked for inorganic growth remains unutilised, while branch expansion has used Rs. 14.85 Crores of its Rs. 38.31 Crores budget.
Likely market impact
Routine compliance filing with no deviations. Unutilised inorganic growth corpus of Rs. 165 Crores could support future acquisitions.