PGIM considers divesting Indian asset management unit – report

PGIM, the concern absorption portion of US-based Prudential Financial, is exploring options to merchantability its Indian plus absorption subsidiary, reported Bloomberg citing sources.

This comes astir 10 years aft PGIM acquired the portion from Deutsche Bank.

As per the unnamed sources , PGIM has appointed EY to supply advisory services for the imaginable merchantability of PGIM India Asset Management.

Both PGIM and EY person declined to remark connected the ongoing process.

The reappraisal of the unit’s aboriginal follows a play of stagnation successful concern growth.

PGIM India presently oversees assets worthy astir Rs 266bn ($3bn), but the concern has not seen enlargement successful caller times, the sources noted.

PGIM, which manages astir $1.5tn successful assets worldwide crossed assorted sectors including fixed income, equities, alternatives, and existent estate, took implicit Deutsche Bank’s India plus absorption concern successful 2015.

The latest yearly study shows after-tax losses astatine the Indian limb roseate beyond Rs235m for the twelvemonth ending March 2025.

The subsidiary besides saw a enactment alteration with a caller main enforcement appointed successful July 2025, arsenic reported by section media.

Recent enactment successful the Indian plus absorption manufacture has included respective acquisitions and concern announcements.

BlackRock has been expanding its investments to capitalise connected India’s increasing equity marketplace participation.

Last twelvemonth successful June, Jio BlackRock Investment Advisers, the associated task betwixt Jio Financial Services and BlackRock, received a certificate of registration from the Securities and Exchange Board of India (SEBI) to relation arsenic an concern adviser.

In November 2025, DWS Group disclosed plans to get a 40% involvement successful Nippon Life India AIF Management (NIAIF).

DWS and Nippon Life India Asset Management (NAMI) besides signed an MoU to jointly motorboat passive concern products for some Indian and UCITS investors, covering merchandise improvement and distribution.

Additionally, December 2025 saw Mizuho Securities, portion of Japan’s Mizuho Financial Group, hold to acquisition a 60% involvement successful Avendus Capital, an Indian fiscal services company.

"PGIM considers divesting Indian plus absorption portion – study " was primitively created and published by Private Banker International, a GlobalData owned brand.

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