19-May-2026
Corporate News
 
Prudential to acquire 75% stake in Bharti’s insurance business for Rs 3,500 crore
18-May-2026

Prudential plc on Sunday announced to acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management. Currently, Prudential is a partner with ICICI Bank with around 22 per cent stake in the life insurance venture. With the announcement of a majority stake in Bharti Life Insurance, Prudential has to pare back its stake in the existing venture to comply with regulatory requirements.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/insure/prudential-plc-to-acquire-75-stake-in-bharti-enterprises-insurance-business-sunil-mittal/articleshow/131154584.cms