Prudential Slides After $389 Million India Deal Pulls Attention to ICICI Stake
Prudential plc shares dropped in London on Tuesday. The insurer is looking to take control of Bharti Life Insurance in India, doubling down on growth there, but the deal could mean it has to scale back its big stake in ICICI Prudential Life. Prudential shares traded at 1,123.5p on the sell side and 1,124.0p to buy in delayed deals, off 10.5p or 0.9%. The FTSE 100 slipped 0.03%, Hargreaves Lansdown data showed.