 "Stake sale, Bidding")
Legal and General is exiting the insurance business in India by selling its entire 26 per cent stake in IndiaFirst Life Insurance to an affiliate of Warburg Pincus LLC (Warburg Pincus).
While the company did not disclose the exact transaction value, sources with access to information said the deal size was around Rs 7.10 billion.
It is subject to approval from the Insurance Regulatory and Development Authority of India, along with other regulatory approvals, a release issued here said.
“We have refocused its insurance business in recent years in the UK and the US and as a
While the company did not disclose the exact transaction value, sources with access to information said the deal size was around Rs 7.10 billion.
It is subject to approval from the Insurance Regulatory and Development Authority of India, along with other regulatory approvals, a release issued here said.
“We have refocused its insurance business in recent years in the UK and the US and as a
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