Prudential Financial to sell stake in Pramerica MF to Dewan Housing

However, no financial details about the deal have been provided

Sep 01, 2014 08:09 IST India Infoline News Service

US-based Prudential Financial Inc will sell a 50% stake in its Indian asset-management company Pramerica Mutual Fund to Dewan Housing Finance Co, according to a media report.
However, no financial details about the deal have been provided, the report added.
At present, Dewan Housing Finance offers home loans and wants to use the joint venture to expand into financial services beyond loans with the help of products from its US partner, the report further said. 

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