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Firm Matters

BNP Paribas Cardif - Acquisition of stake in IndiaFirst Life Insurance Company Limited

  • 30-Jul-2026

Khaitan & Co advised BNP Paribas Cardif on its acquisition of an approximately 26% stake in IndiaFirst Life Insurance Company Ltd from Carmel Point Investments Ltd, subject to requisite approvals from the IRDAI and the Competition Commission of India.

The Firm provided end to end legal representation to BNP Paribas Cardif  with respect to the deal including (i) drafting, reviewing, commenting, marking-up and negotiating the Share Purchase Agreement and the Shareholders' Agreement; (ii) conducting the legal due-diligence exercise on the Target; and (iii) advising on regulatory related aspects.

Deal Team

BNP Paribas Cardif

The core team consisted of Aishwarya K (Partner), Shishir Jose Vayttaden (Partner), Niyati Dholakia (Principal Associate) and Ambreen Rahman (Associate)

The deal was assisted by:

Corporate & Commercial: Aravind Venugopal (Partner) and  Amrutha Alapati (Associate)

Restructuring & Insolvency: Mohit Kishore (Partner), Bhaskar Vishwajeet (Associate) and Jahnavi Yalavarthi (Associate)

Competition / Antitrust: Anisha Chand (Partner), Alisha Mehra (Principal Associate), Yatharth Vardhan Singh (Senior Associate), and Vrinda Bhardwaj (Associate)

Intellectual Property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate) and Gautam Wadhwa (Senior Associate)

Employment, Labour & Benefits: Vinay Joy (Partner), Aditya J Nair (Senior Associate), Shaaryl Dsouza (Associate) and Tanvi Uday Shetty (Associate)

Privacy and Data Protection: Supratim Chakraborty (Partner), Himeli Chatterjee (Senior Associate) and Mayank Barman (Associate)