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DLF to foray into life insurance

NEW DELHI: Real estate major DLF and Prudential Financial Inc (PFI) of the U.S., on Tuesday announced a tie-up to foray into the life insurance business and invest about Rs. 1,000 crore over the next ten years in the venture. DLF will have 74 per cent stake in DLF Pramerica Life Insurance Company Ltd and Prudential 26 per cent.

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