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Bharti Group Eyes Major Stake Sale in Life Insurance
24 Apr
Summary
- Bharti Group in talks to sell up to 85% of its life insurance business.
- Deal could value the unit at around ₹7,000-8,000 crore.
- Prudential Plc is reportedly in discussions for the acquisition.
Bharti Group is in advanced discussions to divest up to 85% of its life insurance arm to Prudential Plc. This potential transaction is valued at approximately ₹7,000-8,000 crore. Such a valuation reflects a substantial increase compared to a prior stake sale that implied a valuation of ₹3,000 crore.
The deal, if finalized, would signify Bharti Group's departure from the life insurance landscape. For Prudential Plc, it represents an opportunity to bolster its footprint in India's expanding insurance market. Discussions are ongoing, and key terms are subject to change as due diligence progresses.
