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VERIFIEDET Stocks·neutral
BNP Paribas Cardif to acquire Warburg’s 26% in IndiaFirst Life
AI Summary
- ·BNP Paribas Cardif is acquiring Warburg Pincus' 26% stake in IndiaFirst Life.
- ·The transaction values the insurer at approximately ten thousand crore rupees.
- ·Bank of Baroda will retain its controlling interest and management control in IndiaFirst Life.