New Delhi, May 17 -- Bharti Enterprises on Sunday announced that Prudential plc ("Prudential"), a leading insurer and asset manager in Asia and Africa, has agreed to acquire a 75 per cent stake in Bharti Life Insurance Company Limited ("Bharti Life"), one of India's leading life insurance providers, from Bharti Life Ventures Pvt Ltd (and other selling shareholders), according to a press release by Bharti Enterprises.

Commenting on the development, Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, said, "We are delighted to welcome Prudential Plc as the controlling shareholder of Bharti Life, further accelerating its growth trajectory. Prudential's experience and global scale, combined with Bharti's strong track record, creat...