India, May 18 -- Prudential plc, an insurer and asset manager with a strong presence across Asia and Africa, on Monday announced that it has agreed to acquire a 75 percent stake in Bharti Life Insurance Company Limited from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management as part of a strategic repositioning of its India operations.

The completion of the transaction remains subject to regulatory approvals and the fulfilment of customary closing conditions.

Anil Wadhwani said: "India is a strategically important and exciting market for Prudential. By acquiring a controlling stake in Bharti Life, we are bringing together Prudential's nearly 180 years of global insurance expertise and Bharti's strong and growing local presence to ...