BNP Paribas Cardif to acquire Warburg Pincus' 26% in Indiafirst Life
French insurer BNP Paribas Cardif on Friday (July 25, 2026) announced that it will be acquiring a 26% stake in Indiafirst Life for an undisclosed sum from private equity major Warburg Pincus.Post-deal, state-run Bank of Baroda will own 65% of the company, its public sector…
- ▪French insurer BNP Paribas Cardif on Friday (July 25, 2026) announced that it will be acquiring a 26% stake in Indiafirst Life for an undisclosed sum from private equity major Warburg Pincus.Post-deal, state-run Bank of Baroda will own 65%
The Hindu publishes from India and files mainly under world. We currently carry 750 of its stories.
Opening excerpt (first ~120 words) tap to expand
French insurer BNP Paribas Cardif on Friday (July 25, 2026) announced that it will be acquiring a 26% stake in Indiafirst Life for an undisclosed sum from private equity major Warburg Pincus.Post-deal, state-run Bank of Baroda will own 65% of the company, its public sector banking peer Union Bank of India will own 9%, while the rest will be with BNP Paribas Cardif.The shareholders are aiming to accelerate the growth of the 12th largest private life insurance company through Bank of Baroda's branch network, the company's own multi-channel distribution strength and BNP Paribas Cardif's global bancassurance expertise, product innovation and insurance capabilities, as per an official statement."This transaction will further drive our international growth strategy of partnering with strong…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
Discussion
0 commentsMore from The Hindu
