Nippon Life Asset Management Expands to Leh; KICL Acquires Footwear Brands
Nippon Life India Asset Management Ltd has made a strategic MOVE by opening a branch in Leh, marking its 167th branch nationwide. The high-altitude expansion underscores its commitment to broadening access to financial services in remote regions. CEO Sundeep Sikka emphasized the significance of establishing a physical presence in border areas, a first for any asset management company in India.
Meanwhile, Kothari Industrial Corporation Ltd (KICL) has bolstered its mass-market footwear portfolio with the acquisition of Zodiz and Jeetlo brands. The deal, effective August 4, 2025, follows KICL's previous purchases of international brands like Kickers. The company's new non-leather footwear park in Tamil Nadu signals further growth ambitions in the sector.
