Nippon Life India Asset Management Limited — Others, 24-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Nippon Life India Asset Management Limited disclosed that there were no deviations or variations in the utilization of funds raised from its 2017 IPO for the quarter ended September 30, 2024. The total net proceeds amounted to Rs. 588.85 crores, and all funds were allocated as originally intended across various activities, including branch setups, IT upgrades, and marketing, with no changes reported.