 "Warburg Pincus")
Warburg Pincus will pick up a 26 per cent stake in IndiaFirst Life insurance company as the UK-based financial and investment company Legal & General exits the life insurance company. While the stake sale is subject to approval by the Insurance Regulatory and Development Authority of India, the deal, pegged at Rs 7.1 billion, was approved by IndiaFirst Life’s board on Thursday. IndiaFirst Life Insurance company was founded in 2011 by Bank of Baroda, Andhra Bank and Legal & General.
R.M. Vishakha, managing director and CEO, IndiaFirst Life, said, “Legal and General has been an extremely supportive partner and an integral
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