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Rating:Pru to Set Up Fund Shop in India Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 06, 2007

Pru to Set Up Fund Shop in India

by: Armie Margaret Lee

Prudential Financial is joining forces with an Indian real estate company to launch an asset management joint venture, Reuters reported. Newark, New Jersey-headquartered Prudential will own 61 percent in the firm and DLF will own 39 percent. The firms plan to begin operations next year, and also intends to launch a life insurance business.  

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