Bharti Group Considering Sale of Life Insurance Stake to Prudential
Bharti Group is reportedly in talks to sell up to 85% of its life insurance arm to Prudential, potentially valuing the business at Rs70bn to Rs80bn. This represents a significant increase from a previous valuation of Rs30bn for a 15% stake. The deal is still under negotiation, and Prudential is unlikely to gain full ownership due to an existing investor's stake.
Tickers: $PRU
Topics: Bharti Group corporate transactions insurance life insurance Prudential