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CCI Approves BNP Paribas Cardif's Stake Acquisition in IndiaFirst Life Insurance
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News18•29-09-2026, 19:15
CCI Approves BNP Paribas Cardif's Stake Acquisition in IndiaFirst Life Insurance
- •The Competition Commission of India (CCI) has approved BNP Paribas Cardif's proposal to acquire a stake in IndiaFirst Life Insurance Company Ltd.
- •BNP Paribas Cardif will acquire a 26% stake in IndiaFirst Life from private equity giant Warburg Pincus.
- •After the transaction, IndiaFirst Life's shareholding will be Bank of Baroda (65%), BNP Paribas Cardif (26%), and Union Bank of India (9%).
- •This acquisition strengthens BNP Paribas Cardif's presence in Asia, particularly in India, aligning with its international growth strategy.
- •In a separate deal, CCI also approved Crystal Crop Protection Ltd's acquisition of FMC India Pvt Ltd.
Key Questions Answered
The Competition Commission of India approved BNP Paribas Cardif's proposal to acquire a 26 per cent equity stake in IndiaFirst Life Insurance Company Ltd from Warburg Pincus.
Upon completion of the transaction, Bank of Baroda will hold 65 per cent, BNP Paribas Cardif will have a 26 per cent stake, and Union Bank of India will hold 9 per cent equity in IndiaFirst Life Insurance.
In a separate deal approved on Tuesday, the CCI granted its nod to Crystal Crop Protection Ltd to acquire a 100 per cent shareholding of FMC India Pvt Ltd from FMC Netherlands Holdings II BV and its affiliates.
