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New Business Partner in Union Asset Management Company Private Ltd.


Union Bank of India has entered into Investment & Subscription agreements with globally leading life insurer, Dai-ichi Life Holdings, Inc., Japan (Dai-ichi Life) for their investment in Union Asset Management Company Private Ltd. (the AMC) through Compulsorily Convertible Preference Shares (CCPS). The investment of Dai-ichi Life is expected to be 39.62% of the post issue Share Capital of the Company on fully diluted basis.