The FTSE 100 life insurance firm said it was evaluating a potential listing of ICICI Prudential Asset Management, a joint venture in which it holds a 49% stake.
Prudential PLC closed 14.47% below its 52-week high of £8.44, which the company achieved on February 16th.
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Prudential is considering taking its Indian joint venture business public to help fund returns to shareholders.
Keefe Bruyette lowered the firm’s price target on Prudential (PRU) to $125 from $129 and keeps a Market Perform rating on the shares.Maximize ...
ICICI Prudential Asset Management is a joint venture formed in 1998 between Indian lender ICICI Bank and Prudential, which does business in Asia and Africa but is listed in London, according to its ...
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