The new space, located at One Lodha Place, Lower Parel, spans a carpet area of 52,162 square feet.
The purchase has been made for a consideration of Rs 486 crore, excluding applicable stamp duty. NAM India said there are no shareholding ties with the selling entity, and the transaction is not categorised as a related party transaction.
NAM India is the asset manager of Nippon India Mutual Fund (NIMF). The company is involved in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services (PMS), alternative investment funds and pension funds; and offshore funds and advisory mandates.
The company’s consolidated net profit jumped 47.33% to Rs 360.10 crore on 45.59% rise in total income to Rs 692.08 crore in Q2 FY25 over Q2 FY24.
The scrip rose 0.99% to currently trade at Rs 681.50 on the BSE.