Bharti Group seeks to exit life insurance through Prudential deal. The Indian conglomerate is in advanced talks to sell up to 85% of its life insurance business to global insurer Prudential Plc for an estimated valuation of seven to eight thousand crore rupees. This represents a significant jump from last year's valuation implied by a smaller stake sale. The transaction would mark Bharti's complete exit from the life insurance segment while expanding Prudential's presence in India's growing insurance market. Bharti AXA Life has shown improving fundamentals with strengthened solvency ratios and narrowing losses. Life insurance valuations have risen to one point five to two times embedded value, reflecting market confidence in distribution scaling and margin improvement potential.
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