FDI hike: Prudential, other global insurers likely to hike stake in Indian JVs

Mumbai: Global insurers such as Prudential, Standard Life and Nippon Life are expected to increase their stakes in Indian joint ventures with the government increasing foreign direct investment limit in the sector to 74% from 49% and allowing foreign ownership, experts said. Reserve Bank of India had recently told banks to try cap their insurance holding to 30%.“I see several foreign players taking this opportunity to hike stake,” said Ashish