Prudential Financial Inc.’s investment management arm is considering selling its loss-making asset management unit in India a decade after acquiring the business from Deutsche Bank AG, according to people familiar with the matter.
PGIM Inc., the investment management business of US-based Prudential Financial, has tapped EY to advise on the potential sale of its asset management subsidiary in India, the people said, asking not to be named because the matter is private.
The sale of PGIM India Asset Management Pvt Ltd. is taking place after its parent weighed up the growth of the unit, which manages assets ...
