Warburg Pincus concludes 26% stake purchase in IndiaFirst Life

MUMBAI: Over eight months after signing a deal to acquire 26 percent in Indiafirst Life Insurance for Rs 710 crore, global private equity major Warburg Pincus has concluded the transaction. This is the first deal wherein a private equity fund has taken an interest in a life insurance. The deal got fructified after getting requisite approvals from Insurance Regulatory and Development Authority of India, along with other regulatory agreements, a statement said.