Archive · 25 Jul 2026
BNP Paribas Cardif Acquires 26% Stake in IndiaFirst Life
BNP Paribas Cardif, a global insurance company, has agreed to buy a 26% stake in IndiaFirst Life Insurance Company from Warburg Pincus.
This deal is still waiting for approval from regulators.
After the deal, Bank of Baroda will own 65%, BNP Paribas Cardif will own 26%, and Union Bank of India will own 9% of IndiaFirst Life.
BNP Paribas Cardif wants to use its experience in insurance to help IndiaFirst Life grow.
Warburg Pincus, which has been helping IndiaFirst Life grow, is selling its stake.
The leaders of IndiaFirst Life and Bank of Baroda are happy about this new partnership and think it will help the company grow and serve customers better.
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus.
Transaction subject to regulatory approvals.
Post-transaction shareholding: Bank of Baroda (65%), BNP Paribas Cardif (26%), Union Bank of India (9%).
BNP Paribas Cardif aims to leverage its bancassurance expertise to support IndiaFirst Life's growth.
Warburg Pincus exits after supporting IndiaFirst Life's growth.
- Who
- BNP Paribas Cardif, Warburg Pincus, Bank of Baroda, Union Bank of India, IndiaFirst Life Insurance Company
- What
- Acquisition of a 26% stake in IndiaFirst Life Insurance Company
- When
- July 24, 2026
- Where
- India
- Why
- To leverage bancassurance expertise and support growth in the Indian insurance market
BNP Paribas Cardif
Warburg Pincus
Investment Strategy
BNP Paribas Cardif
BNP Paribas Cardif aims to leverage its global bancassurance expertise to support IndiaFirst Life's growth in the Indian insurance market.
Warburg Pincus
Warburg Pincus has successfully supported IndiaFirst Life's growth and is now exiting its investment.
- Transaction Date
- July 24, 2026
- Stake Acquired
- 26%
- Seller
- Warburg Pincus
- Buyer
- BNP Paribas Cardif
- Regulatory Status
- Subject to approvals
- Post-Transaction Shareholding
- Bank of Baroda (65%), BNP Paribas Cardif (26%), Union Bank of India (9%)
- IndiaFirst Life's Assets Under Management
- ₹30,968 crore
- IndiaFirst Life's Gross Direct Premium (FY25)
- ₹7,218 crore
Sources
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus
BNP Paribas Cardif to acquire Warburg Pincus' 26% in Indiafirst Life
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus
