Prudential(US:PRU) Xin Lang Cai Jing·2026-01-12 04:31Core Viewpoint - Prudential Financial's investment management subsidiary is considering selling its loss-making asset management business in India, which was acquired from Deutsche Bank a decade ago [1][2]. Group 1: Company Actions - PGIM Inc., the investment management arm of Prudential Financial, has engaged Ernst & Young to provide advisory services regarding the potential sale of its Indian asset management subsidiary [1]. - The decision to sell PGIM India Asset Management Pvt Ltd. follows an evaluation of the department's growth prospects by its parent company [2]. Group 2: Financial Overview - PGIM India Asset Management Pvt Ltd. manages approximately ₹266 billion (equivalent to $30 million) in assets [2]. - The subsidiary has seen minimal substantial expansion in recent years [2].