Higher investment income and robust life insurance results propelled shareholder profit despite mixed performance across the group's non-life businesses.
The disposal is scheduled for Thursday and leaves Prudential Corporation Holdings with 32.6% of the Indian fund manager, with its governance rights unchanged.
The insurer said the order is not expected to have a material adverse impact on its financial operations at this stage, as it intends to challenge the decision.
The insurer expects its expanded bancassurance partnership with Central Bank of India to become a major growth driver, with annual business from the channel projected to reach ₹5bn (US$52.25m) within three...
