Crisis-ridden Dewan Housing Finance and US-based financial services major Prudential Financial are looking to sell their respective stakes in the domestic life insurance joint venture, DHFL Pramerica Life Insurance Company. The move by Dewan Housing Finance is part of promoter Wadhawan Global Capital’s efforts to exit non-core businesses to ease the stress in the group’s flagship lending business, DHFL, due to a surge in borrowing costs and plunge in its share prices.
