DLF Pramerica

M&M, Adanis interested in DLF’s stake

M&M, Adanis interested in DLF’s stake

While the realty giant in the domestic circuit, DLF had announced its plans to enter the insurance business in the Indian market with a 74% stake in the life insurance firm, DLF Pramerica Life Insurance Co. Ltd a few years back, the going hasn't been so well for the company.

It is believed that the stake is on sale currently and companies like M&M and Adani Group are on a hunt to grab DLF's share in the JV. It is to be mentioned here that the remaining stake is being held by UK based insurance giant Pramerica.

DLF Pramerica Life Insurance gets IRDA nod

The Insurance Regulatory Authority of India (IRDA) has given its approval to DLF Pramerica Life Insurance Co. Ltd. (DPLI) to start life insurance operations in India. DPLI is expected to launch its life insurance business sales in the third-quarter of this year after getting license from IRDA.