Shardul Amarchand Mangaldas advises Prudential Financial on sale of PGIM’s Asset Management Business in India to TVS Venu Group

April 8, 2026

Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Prudential Financial, Inc. (“PFI”) on the sale of its 100% stake in PGIM India Asset Management Private Limited (“PGIM India”) and PGIM India Trustees Private Limited, to TVS Venu Group.

PGIM India is a wholly owned business of PGIM, the global investment management business of PFI. It is a full-service investment manager offering a broad range of equity, fixed income and multi-asset solutions to retail and institutional investors. Completion of the transaction is subject to regulatory approvals and other customary closing conditions.

SAM’s transaction team was led by Abhishek Parekh, Partner, with support from Joanna Barretto, Senior Associate; Suhaas Arora, Senior Associate; Akshath Vidyanath, Senior Associate; Sanjana Kumar, Senior Associate; Kareena Sobti, Associate; and Rhea Tewary, Associate.

The due diligence team comprised Abhishek Parekh, Partner; Joanna Barretto, Senior Associate; Rhea Tewary, Associate; Mannat Mahey, Associate; Aviral Bhardwaj, Associate; and Nidhi Lakhotia, Associate. The tax team was led by Gouri Puri, Partner; Rahul Yadav, Partner; and Nimish Malpani, Principal Associate. The competition law aspects were led by Rohan Arora, Partner, with support from Devarsh Kotak, Senior Associate. The team also received valuable inputs from Shailaja Lall, Partner.