PGIM Inc. is looking to sell its loss-making India asset management unit after seeing little meaningful expansion since it acquired the business from Deutsche Bank AG a decade ago
The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest
Prudential Group Holdings Ltd, UK Subsidiary of Prudential Plc will own 70 per cent stake in the venture while Vama will hold the remaining 30 per cent
