UK insurance company Legal & General Group Plc sold its 26% stake in IndiaFirst Life Insurance to private equity giant Warburg Pincus for Rs 710.54 crore, reported moneycontrol.

Cyril Amarchand Mangaldas advised Legal & General Group plc, Warburg Pincus and IndiaFirst shareholders, Bank of Baroda and Andhra Bank, on a Chinese wall basis;;, led by a team of partners Indranath Bishnu, Reeba Chacko and Shishir Vayttaden.

2018-06-01

Deal value: INR 710 crores

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