Deutsche Bank's DWS to buy 40% stake in Nippon Life India unit

Nippon Life India Asset Management Limited (NAM India) on Thursday announced that its Board of Directors has approved a strategic collaboration with Germany-based DWS Group GmbH & Co. KGaA, one of Europe’s leading asset managers.

As part of the partnership, DWS intends to acquire up to a 40% minority stake in Nippon Life India AIF Management Limited (NAIF), a wholly owned subsidiary of NAM India.

The investment will be made through a fresh issue of equity shares by NAIF.


The collaboration aims to jointly develop and expand an Alternative Investment Fund (AIF) franchise in India. The two asset managers will also work together in areas such as passive investment products and global distribution, NAM India said in a stock exchange filing.

NAM India and DWS have signed a non-binding Memorandum of Understanding (MoU) outlining the preliminary framework of the alliance. The proposed arrangement remains subject to due diligence, execution of definitive agreements, and regulatory approvals.

NAM India, part of Japan’s Nippon Life Insurance Group, is among India’s largest asset managers, while DWS manages assets globally across equities, fixed income, and alternative investments.