BNP Paribas Cardif to acquire Warburg Pincus' 26 pc in Indiafirst Life
Business 25 Jul, 2026

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

Business To Business, New Delhi, 25th July, 2026:    French insurer BNP Paribas Cardif on Friday announced that it will acquire a 26 per cent stake in IndiaFirst Life Insurance from private equity firm Warburg Pincus for an undisclosed amount.
Following the transaction, Bank of Baroda will retain a 65 per cent stake in the insurer, while Union Bank of India will continue to hold 9 per cent. BNP Paribas Cardif will own the remaining 26 per cent.
According to an official statement, the shareholders aim to accelerate the growth of India's 12th-largest private life insurer by leveraging Bank of Baroda's extensive branch network, IndiaFirst Life's multi-channel distribution capabilities, and BNP Paribas Cardif's global expertise in bancassurance, product innovation and insurance solutions.
The partnership is expected to strengthen IndiaFirst Life's market position and support its long-term growth strategy in the country's expanding life insurance sector.

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