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Prudential Considers £8 Billion Indian Asset Spin-off
Prudential is considering an £8 billion spin-off of its 49% stake in ICICI Prudential Asset Management, a joint venture in India, potentially listing on the Mumbai stock exchange; this follows a trend of UK firms choosing overseas listings, dealing a blow to the City of London.
Prudential Considers £8 Billion Indian Asset Spin-off
Prudential is considering an £8 billion spin-off of its 49% stake in ICICI Prudential Asset Management, a joint venture in India, potentially listing on the Mumbai stock exchange; this follows a trend of UK firms choosing overseas listings, dealing a blow to the City of London.
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