Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal – FinSiddhi

Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal

Competition Commission of India approved BNP Paribas Cardif’s proposal to acquire a 26% stake in IndiaFirst Life Insurance Company Ltd. The stake will be purchased from private equity company Warburg Pincus. The insurance firm said step in its international growth and diversification strategy and strengthens its presence in India. In a separate deal, CCI authorised Crystal Crop Protection Ltd to acquire FMC India Pvt Ltd.
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