"Prudential weighs listing Indian asset management JV" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site

(Reuters) -British insurer Prudential is considering listing its Indian joint venture ICICI Prudential Asset Management, it said on Wednesday. Prudential's London-listed shares soared more than 8%, buoyed by plans that would involve the company divesting some of its 49% stake in the Indian asset manager and returning the proceeds to shareholders.

The listing of its joint venture with ICICI Bank will involve the partial divestment of its shares, and is subject to market conditions, requisite approvals and other considerations, Prudential Plc said.