DHFL Pramerica to be renamed PGIM India MF

MUMBAI: PGIM, one of the largest asset managers in the world with more than $1.2-trillion in assets under management, announced on Wednesday that it has completed the 100 per cent purchase of its previously 50 per cent held joint venture with DHFL. The acquisition, announced in December 2018, has received all required approvals from Sebi and other regulatory bodies in the country. Srinivas Rao Ravuri has joined in as chief investment officer, equity from HDFC Mutual Fund.