🏦 BNP Paribas Eyes Stake in IndiaFirst Life Insurance

BNP Paribas’ insurance arm is close to buying a minority stake in IndiaFirst Life Insurance, expanding its presence in South Asia. The deal involves acquiring Warburg Pincus’ 26% stake, valuing the company at around $350 million. Talks are in advanced stages, though the agreement is not final yet. Currently, Bank of Baroda holds 65% and Union Bank of India owns 9% in IndiaFirst. If completed, the deal would strengthen BNP Paribas’ footprint in India’s insurance sector. #BNPParibas #IndiaFirst #InsuranceSector #DealNews #IndiaMarkets