Prudential, and this one's from the US, may be looking
at the Indian financial services sector. CNBC-TV18 reports
Financial has revenues of $31.9 billion. Its services
range from mutual funds, annuities and pension to retail
group managed assets of about $532 billion at the end
of last year. Industry experts say Prudential Financial
could be looking for a joint venture partnership with
a domestic mutual fund player in India, which is interested
in the insurance sector too.
plans work out this would be the second Prudential in
the Indian financial services space. Britain-based Prudential
PLC has an insurance and mutual fund tie-up with India's
largest private sector bank, ICICI Bank. But this Prudential
is not related to Prudential Financial of the US.
so the industry is speculating on branding differences
two Prudentials. But sources close to Prudential PLC
say that they and Prudential Financial have a worldwide
pact on branding. So there may be little room for differences.