Dewan Housing Finance Corporation Limited and
U.S.-based Prudential Financial, Inc. to partner in
life insurance joint venture in India
DHFL along with its promoters’ entities to acquire DLF Ltd.’s 74 percent interest in
DLF Pramerica Life Insurance Company...
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Dewan Housing Finance Corporation Limited and
U.S.-based Prudential Financial, Inc. to partner in
life insurance joint venture in India
DHFL along with its promoters’ entities to acquire DLF Ltd.’s 74 percent interest in
DLF Pramerica Life Insurance Company Ltd.
25 July 2013 New Delhi, INDIA
Dewan Housing Finance Corporation Limited (DHFL) and Prudential Financial, Inc. (PFI),
which does business under the trade name Pramerica in selected countries outside the U.S.,
announced today that they have entered into a joint venture (JV) partnership to provide life
insurance products to customers in India. Under the terms of the agreement, which is subject to
regulatory approvals, DHFL and its promoters’ entities will acquire DLF Ltd.’s 74 percent
interest in DLF Pramerica Life Insurance Company Ltd. (DPLI) and the company, upon closing
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