Prudential to buy 75% stake in Bharti Life for Rs 3,500 crore

UK-based insurer Prudential plc has agreed to acquire a 75% controlling stake in Bharti Life Insurance Company Ltd. for an initial cash consideration of Rs 3,500 crore. The announcement was made on Sunday by Bharti Enterprises, which is selling the stake through Bharti Life Ventures Pvt Ltd and 360