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VERIFIEDMint Industry·neutral
Warburg Pincus to sell 26% stake in IndiaFirst Life Insurance to BNP Paribas Cardif
AI Summary
- ·Warburg Pincus plans to sell its 26% stake in IndiaFirst Life Insurance to BNP Paribas Cardif.
- ·BNP Paribas will become the second-largest shareholder after the transaction.
- ·Bank of Baroda currently holds a 65% stake in IndiaFirst Life Insurance.