Nippon Life India Asset Management : Disclosure of other UPSI/material event
April 01, 2022 at 01:33 am EDT
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April 1, 2022
BSE Limited
National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,
Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Fort, Mumbai 400 001
G Block, Bandra Kurla Complex,
BSE Scrip Code: 540767
Bandra (East), Mumbai 400 051
NSE Scrip Symbol: NAM-INDIA
Dear Sir(s),
Sub.:
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In reference to certain media reports pertaining to Nippon Life India Asset Management Limited ("Company") & Mr. Sundeep Sikka, ED & CEO with regard to the investments by Nippon India Mutual Fund (earlier known as 'Reliance Mutual Fund') in the AT1 Bonds issued by of Yes Bank Limited, we wish to inform as under-
1. There is an ongoing investigation by SEBI in this matter.
2. SEBI has been asking the Company & its executives' certain information with respect to the aforesaid investment as well as information with respect to certain third parties, as may be available with us. The Company and its executives are constantly working along with its legal advisors to assist the regulator in any inquiries, it may have in this regard.
3. As a responsible corporate, we always remain committed to all our stakeholders.
Thanking you,
Yours faithfully,
For and on Behalf of
Nippon Life India Asset Management Limited
Nilufer Shekhawat
Company Secretary & Compliance Officer
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Nippon Life India Asset Management Ltd. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 05:32:02 UTC.
Nippon Life India Asset Management Limited is an asset management company. The Companyâs principal activity is to act as an investment manager to Nippon India Mutual Fund. The Company is involved in managing mutual funds, such as exchange traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds and pension funds, and offshore funds and advisory mandates. Its four offshore schemes include UCITS Equity Fund, UCITS Fixed Income Fund, India Fixed Income ETF, India Fixed Income ETF. The Company acts as an advisor for India focused Equity & Fixed Income funds in Japan, and in Thailand. It also manages offshore funds through its subsidiary in Singapore and has representative office in Dubai thereby catering to investors across Asia, Middle East, United Kingdom, United States, and Europe. Its subsidiaries include Nippon Life India Asset Management (Singapore) Pte. Ltd., and Nippon Life India AIF Management Limited.