business / news / / The Economic Times
IndiaFirst Life's proposed stake sale to BNP Paribas Cardif is delayed.
IndiaFirst Life's stake sale to BNP Paribas Cardif is delayed due to Union Bank's exit.
KEY POINTS
- Union Bank contributed 25% of IndiaFirst's new business in FY2025 before ending the tie-up.
- The distribution agreement with Union Bank expired March 31 and renewal discussions are ongoing.
- IndiaFirst is seeking to diversify beyond bank-led distribution to reduce concentration risks.
COMPANIES
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