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Prudential plc Says Still Looking To Lift Stake In India JV With ICICI Bank Limited-Reuters
Reuters reported that India's upcoming budget will include legislation that allows Prudential plc to increase its 26% stake in its joint venture (JV) with ICICI Bank Limited. Prudential was also confident that it would be able to sustain premium growth in China through its partnership with CITIC Bank, said Barry Stowe. Prudential owns just over a quarter of its ICICI-Prudential insurance joint venture with ICICI Bank, the maximum allowed under Indian law. In China, it owns half of the CITIC-Prudential joint venture it runs with CITIC Bank.
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