Prudential Financial's PGIM Mulls Sale of India Asset Management Unit Amid Limited Growth
2 hours agoBusiness
48LENS
3 SourcesIndia
TBNthebalanced.news
Prudential Financial's PGIM Mulls Sale of India Asset Management Unit Amid Limited Growth

US-based Prudential Financial's investment management arm, PGIM Inc., is reportedly considering selling its Indian asset management unit, PGIM India Asset Management Pvt Ltd. The unit, acquired from Deutsche Bank in 2015, has seen limited expansion and incurred after-tax losses, prompting the potential divestment. EY has been engaged to advise on the sale, which comes as other firms like BlackRock are investing aggressively in India's growing asset management sector.

Political Bias
14%64%22%
Sentiment
46%