Nippon Life India Asset Management (NAM India) has announced a strategic collaboration with DWS Group GmbH & Co. KGaA (DWS), a leading European asset manager. This partnership marks a significant move in the Indian alternative investment fund (AIF) sector and passive investment products landscape.

Key Highlights of the Partnership

• Stake Acquisition: DWS intends to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited (NAIF), a wholly-owned subsidiary of NAM India.
• Investment Method: The stake acquisition will be through subscription to fresh issuance of equity shares of NAIF.
• Collaboration Areas: Beyond the AIF sector, the partnership aims to explore opportunities in passive investment products and global distribution.

Strategic Implications

This collaboration between NAM India and DWS is poised to create a formidable presence in the Indian AIF market. The partnership leverages the strengths of both entities:

• NAM India's established presence in the Indian market
• DWS's global expertise as a leading European asset manager

Regulatory and Approval Process

It's important to note that this arrangement is currently at a preliminary stage:

• The parties have entered into a non-binding Memorandum of Understanding (MoU).
• The deal is subject to due diligence, execution of definitive agreements, and various regulatory approvals.

Outlook

While the specific financial details of the deal are yet to be disclosed, this strategic move by NAM India and DWS reflects the growing attractiveness of the Indian alternative investment market. It also signals a trend of international asset managers seeking to expand their footprint in India's rapidly evolving financial sector.

As the collaboration progresses, market participants will be keen to observe how this partnership may influence the AIF landscape and potentially reshape the passive investment product offerings in India.

Note: The information provided is based on the company's disclosure and is subject to further regulatory approvals and finalization of agreements.

Nippon Life India Asset Management Limited has allotted 57,261 new equity shares under various employee stock option plans, as approved by the company's Allotment Committee on December 22, 2025, at 1:28 p.m.

Share Allotment Breakdown

The allotment was distributed across three different employee stock option plans:

Updated Share Capital Structure

Following this allotment, the company's equity structure has been updated with effect from December 22, 2025:

Key Features of the Allotment

The newly allotted equity shares will rank pari passu with the existing equity shares of the company in all respects. The allotment covers shares under three schemes: Nippon Life India Asset Management Limited Employee Stock Option Plan 2017 (formerly known as Reliance Nippon Life Asset Management Limited ESOP 2017), Employee Stock Option Plan 2019, and Performance Linked Stock Unit Scheme 2023.

Regulatory Compliance

This allotment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development, with the shares trading under BSE scrip code 540767 and NSE symbol NAM-INDIA.

Strategic Implications

The share allotment under various employee stock option plans demonstrates the company's commitment to employee retention and performance incentivization in the competitive asset management sector. These equity-based compensation mechanisms align employee interests with shareholder value creation while supporting the company's talent acquisition and retention strategy.