UBS sees value unlock in Prudential India life insurance shake-up

UBS says a swap of Prudential's ICICI Pru Life stake for a controlling position in Bharti Life could release up to $1 billion in excess cash. Prudential PLC (LSE:PRU), the FTSE 100 insurer focused on Asian and African growth markets, could unlock significant shareholder value by swapping its roughly 22% stake in ICICI Prudential Life Insurance for an 85% controlling stake in Bharti Life Insurance, according to UBS.