MutualFundWire.com: Pru to Set Up Fund Shop in India
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Thursday, December 6, 2007

Pru to Set Up Fund Shop in India


Prudential Financial is joining forces with an Indian real estate company to launch an asset management joint venture, Reuters reported. Newark, New Jersey-headquartered Prudential will own 61 percent in the firm and DLF will own 39 percent. The firms plan to begin operations next year, and also intends to launch a life insurance business.


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