PGIM considers divesting Indian asset management unit – report [Yahoo! Finance]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Company Research
Source: Yahoo! Finance
This comes nearly ten years after PGIM acquired the unit from Deutsche Bank. As per the unnamed sources , PGIM has appointed EY to provide advisory services for the potential sale of PGIM India Asset Management. Both PGIM and EY have declined to comment on the ongoing process. The review of the unit's future follows a period of stagnation in business growth. PGIM India currently oversees assets worth about Rs 266bn ($3bn), but the business has not seen expansion in recent times, the sources noted. PGIM, which manages approximately $1.5tn in assets worldwide across various sectors including fixed income, equities, alternatives, and real estate, took over Deutsche Bank's India asset management business in 2015. The latest annual report shows after-tax losses at the Indian arm rose beyond Rs235m for the year ending March 2025. The subsidiary also saw a leadership change with a new chief executive appointed in July 2025, as reported by local media. Recent activity in the
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MFG
Sec Filings
- 1/5/26 - Form 6-K
- 12/29/25 - Form 6-K
- 12/1/25 - Form 6-K
- MFG's page on the SEC website