New Delhi, Feb. 12 -- Global insurance and asset management giant Prudential Plc said on Wednesday it is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management Company Ltd. The listing will involve the partial divestment of its shares, and is subject to market conditions, requisite approvals and other considerations, it added.

"India is a strategically important market for Prudential, with compelling growth prospects. We will continue to explore opportunities to grow our businesses in the market," a statement by Prudential Plc read. The company also noted that once the divestment is complete, the net proceeds will be returned to shareholders. "We will provide a further update at an appropriate time,...