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BNP Paribas Cardif to acquire Warburg Pincus' 26% in Indiafirst Life

PTI· ·1 min read · 0 reactions · 0 comments · 14 views
BNP Paribas Cardif to acquire Warburg Pincus' 26% in Indiafirst Life
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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…

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Original publisherThe Hindu
Canonical URLhttps://www.thehindu.com/business/bnp-paribas-cardif-to-acquire-warburg-pincus-26-pc-in-indiafirst-life/article71267200.ece
Publication timeSat, 25 Jul 2026 21:47:16 +0530
Retrieval time2026-07-25T16:22:18.400Z
Last seen2026-07-25T16:22:18.400Z
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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.

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