Warburg Pincus-backed life insurance company IndiaFirst Life starts work on IPO plan

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Warburg Pincus-backed life insurance company IndiaFirst Life starts work on IPO plan Bank of Baroda owns a 65% stake in the life insurer, while Union Bank of India holds a 9% and Carmel Point Investments India Private Ltd, a Warburg Pincus affiliated entity holds the remaining 26% stake.
 
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