INSUBCONTINENT EXCLUSIVE:
Asset Managers (DPAM).
Both Pramerica Financial and DHFL signed a binding term sheet on Tuesday, which is subject to the signing of a
Wadhawan, Chairman and MD, DHFL, said in a press release.
Pramerica and DHFL formed the joint venture in 2014.
Pramerica Financial is a
brand run by US firm Prudential Financial (PFI) and the acquisition of DPAM will make it a wholly-owned business of PGIM, the global asset
of DHFL settled 1.84 per cent lower at Rs 213.90 on BSE.
