Bank of Baroda Subsidiary Stake Transfer to BNP Paribas

Key Transaction Details

• Subsidiary Involved: Indiafirst Life Insurance Company Limited (IFLIC)
• Transaction Type: Transfer of 25.96% stake
• Seller: Caramel Point Investments India Private Limited
• Buyer: BNP Paribas Cardif
• Agreement Date: July 24, 2026
• Instrument: Share Purchase Agreement executed on July 24, 2026
• Status: Subject to necessary regulatory approvals

Impact on Bank of Baroda

The bank specifically states that there are no changes in the Bank's shareholding or controlling interest in Indiafirst Life Insurance Company Limited as a result of this transaction.