Dewan Housing Finance Corporation Limited (BSE:511072) (DHFL) intends to sell stake in DHFL Pramerica Life Insurance Company Ltd. to Prudential Financial, Inc. (NYSE:PRU). DHFL is in advanced talks to sell 23%. "We have discussion with Prudential Financial with regard to them increasing stake from current level of 26% to 49%.

It is in the final stage," DHFL Chairman and Managing Director, Kapil Wadhawan, said. "Hopefully, final decision should be reached by March," he said. He also added that the final discussion on valuation and other issues are going on.