DWS Group GmbH & Co. KGaA, the German asset management firm, will acquire a 40% stake in Nippon Life India AIF Management Ltd (NAIF) for ₹733 crore through a preferential allotment of shares.
NAIF will issue 3.40 lakh equity shares to DWS as part of the transaction. Following the allotment, NAIF will cease to be a wholly owned subsidiary of Nippon Life India Asset Management Ltd but will continue to remain its subsidiary.
Regulatory approvals pending
The transaction is expected to be completed within 12 months from the date of execution of the agreement, subject to regulatory approvals and requisite consent from investors.
A shareholders’ agreement to this effect was executed on March 14 between Nippon Life Insurance Company, DWS and NAIF.
Focus on alternatives platform
As part of the partnership, DWS plans to jointly develop and build a leading alternative investment funds franchise in India along with Nippon Life.
As of December 31, 2025, DWS Group reported total assets under management of €1,085 billion.
The firm provides individuals, institutions and large corporations access to investment solutions and customised portfolios across active, passive and alternative asset classes.
NAIF’s contribution
NAIF is a wholly owned subsidiary of Nippon Life India Asset Management Ltd. During FY25, NAIF contributed ₹102 crore to the parent company’s turnover, accounting for about 4.6%, while its contribution to net worth stood at around 3.1%.