-Indian insurance regulator allows stake sale in IndiaFirst Life Insurance
Global Banking News - 20 November 2018
[Editorial queries for this story should be sent to
Legal and General Group had earlier announced a plan to sell its 26 percent stake in the life insurer to Warburg Pincus for INR7.1bn.
The stake is to be sold by UK-based Legal and General Group to private equity firm, Warburg Pincus LLC. The insurer is a joint-venture between Bank of Baroda, Andhra Bank and Legal and General Group.
The Indian insurance regulator has given an in-pri...