Nikko AM and Ambit Launch Indian JV

December 21, 2011

On December 19, 2011, Nikko Asset Management Co., Ltd. and Ambit Private Holdings Limited announced the launch of a $150 million investment management joint venture based in India.


On December 19, 2011, Nikko Asset Management Co., Ltd. and Ambit Private Holdings Limited announced the launch of a joint venture with approximately $150 million in assets under management.  The new joint venture will provide investment management and advisory services to India-based funds.  As part of the agreement, Nikko will acquire 50.1% of Ambit Mauritius Investment Managers Private Limited, a Mauritius-based investment manager, and 49% of Ambit Investment Advisors Private Limited, an India-based investment advisor.  Nikko is an Asia-based asset management company with approximately $157 billion in assets under management.

To read the press release, please click here.


Categories

Investment Manager Strategic Investments, Transactions