M&A

M&A

Prudential to acquire 75% stake in Bharti Life Insurance for Rs.3,500-Cr

Business Standard  

UK-based Prudential plc is to acquire a 75% stake in Mumbai-based Bharti Life Insurance Company from Bharti Life Ventures and other selling shareholders. The transaction involves an initial cash consideration of INR 3,500 crore, with a potential additional consideration of INR 700 crore.Post transaction, Prudential’s Indian operations will include the majority-owned Bharti Life Insurance, Prudential HCL Health Insurance, and minority stakes in ICICI Prudential Asset Management Company and ICICI Prudential Life Insurance.Initially, Bharti Life Insurance was a joint venture between Bharti Enterprises (51%) and the French multinational AXA (49%). Bharti Group had subsequently bought out AXA's stake.

In Feb 2025, Bharti Axa Life Insurance Company had raised funding from 360 ONE.For FY25, Bharti Axa Life Insurance Company had reported about INR 142 Cr in Operating Income and about INR 37 Cr in Net Loss.