Oct 17 (Reuters) - Insurance Australia Group IAG.AX on Thursday said it had agreed sell its 26% interest in its joint venture with State Bank of India SBI.NS , SBI General Insurance SBIR.NS , for about A$640 million ($432.38 million).
The insurer said Napean Opportunities and an affiliate of Warburg Pincus would acquire a 16.01% and 9.99% interest in SBI General, respectively.
($1 = 1.4802 Australian dollars)