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Deutsche Bank’s Asset Management Unit to Acquire 40% Stake in Indian Alternatives Firm

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DWS, the asset management arm of Deutsche Bank, has agreed to acquire a 40 percent stake in Nippon Life India AIF Management Limited (NIAIF), subject to regulatory approvals and customary conditions. NIAIF is a subsidiary of Nippon Life India Asset Management Ltd (NAMI), backed by the 132-year-old Japan-based Nippon Life…

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