Daiwa Securities Group buys all AMC stakes from Shinsei Bank

According to Shinsei Bank Limited, Daiwa Securities Group, shared venture of Daiwa Securities Group Inc. and Daiwa Asset Management Co. Ltd., will buy all its stakes in the investment manager of Shinsei Mutual Fund, Shinsei Asset Management (India) Private Limited (AMC), after it concurred to a deal with Daiwa Securities Group in selling those stakes.