Prudential Acquires Bharti Life Insurance
UK-based Prudential PLC is further consolidating its position within the Indian insurance sector. As part of this initiative, it has acquired a 75% equity stake in Bharti Life Insurance, a company led by Sunil Mittal. The value of this deal is estimated to be approximately ₹3,500 crore. Prudential stated that this acquisition was undertaken with a view to the growing opportunities within India's life and health insurance sectors.
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