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Groww's Bid for PGIM India Mutual Fund Matches 2018 Valuation; Prudential Seeks Higher Price – Exclusive
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Exclusive: Groww Offers 2018 Price for PGIM India; Prudential Demands More
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CNBC TV18
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09-03-2026, 09:01
Exclusive: Groww Offers 2018 Price for PGIM India; Prudential Demands More
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Fintech company Groww is the front-runner to acquire PGIM India Mutual Fund.
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Groww's offer is based on 2018 pricing, valuing the deal between ₹650 crore and ₹925 crore for PGIM's ₹27,000 crore AUM.
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Prudential Financial, current owner of PGIM, is reportedly seeking a higher price than Groww's offer.
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The stagnant valuation is attributed to PGIM's accumulated losses of ₹71 crore by March 2025.
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16 bidders, including Edelweiss Mutual Fund and Premji Invest, are also in the fray for PGIM India.
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