Warburg Pincus is reportedly contemplating divesting its stake within the Indian firm IndiaFirst Life Insurance coverage by promoting its 26% stake.
The discussions are stated to suggest a valuation of greater than Rs100bn ($1.1bn) for the Mumbai-based insurer, The Occasions of India has reported.
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The stake is held by way of Warburg Pincus affiliate Carmel Level Investments India.
A variety of potential consumers are understood to have proven curiosity, together with strategic buyers and personal fairness corporations.
The method follows a beforehand deliberate preliminary public providing (IPO) that was placed on maintain resulting from market volatility.
Warburg Pincus agreed in June 2018 to amass the total 26% shareholding of Authorized & Basic and accomplished the acquisition in early 2019.
Authorized & Basic had been a promoter from IndiaFirst Life’s launch in 2010 and exited as a part of a shift in focus to different markets.
Reported events reviewing the chance embody Prudential and BNP Paribas, together with non-public fairness funds and at the least one South Korean life insurer conducting due diligence.
Market reference factors have included the itemizing of Canara HSBC Life.
Consideration has additionally been linked to the Sabka Bima Sabki Raksha (Modification of Insurance coverage Legal guidelines) Invoice, 2025, that was handed by India’s Parliament in December 2025.
The modifications enhance the international funding cap in insurance coverage corporations to 100% from 74% below the automated route and loosen a number of working and governance necessities.
In June this yr, Warburg Pincus was reportedly in discussions to promote its 10% stake in SBI Basic Insurance coverage, a transfer that would have valued the insurer at round $4.5bn.
SBI Basic Insurance coverage is a subsidiary of the State Financial institution of India (SBI) and the corporate employs greater than 8,000 folks, working a multi-channel distribution mannequin throughout bancassurance, company, broking, direct retail channels and digital partnerships.
