Nippon Life India Asset Management: Manager Ajay Patel Retires on Jan 2, 2026
Nippon Life India Asset Management Limited (NAM-INDIA) has announced the retirement of Mr. Ajay Patel, who served as Manager and Key Managerial Personnel. His cessation from the company's services wil...
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Why is Nippon Life India Asset Management Limited in the news today?
Nippon Life India Asset Management Limited (NAM-INDIA) is in the news due to the announcement is a routine intimation of retirement of a key managerial personnel and does not contain any positive or negative financial or business implications.
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Nippon Life India Asset Management: Manager Ajay Patel Retires on Jan 2, 2026
January 2, 2026, 09:09 AM
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Nippon Life India Asset Management Limited (NAM-INDIA) has announced the retirement of Mr. Ajay Patel, who served as Manager and Key Managerial Personnel. His cessation from the company's services will be effective from the close of business hours on January 2, 2026, upon reaching the age of superannuation.
Mr. Patel's retirement aligns with the company's employment terms and follows the completion of his tenure as Manager, as previously approved by the shareholders. Consequently, he will also cease to be part of the Senior Management Personnel from the same date. The company expressed its gratitude for his long-standing association and contributions.
The announcement clarifies that the reason for the change is Mr. Patel's retirement due to superannuation and the completion of his term as Manager. His appointment or reappointment term is also noted as ending on January 2, 2026. The details provided do not include a brief profile, as it is not applicable in this case of cessation.
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