Bajaj Group completes 23 pc stake acquisition from JV partner Allianz for Rs 21,390 cr

Bajaj Group completes 23 pc stake acquisition from JV partner Allianz for Rs 21,390 cr

Bajaj Group completes 23 pc stake acquisition from JV partner Allianz for Rs 21,390 cr Financial services firm Bajaj Finserv on Thursday announced the completion of the 23 per cent stake acquisition in its insurance subsidiaries – Bajaj General Insurance and Bajaj Life Insurance – from Germany's Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.The acquisition, carried out in alliance with Bajaj Holdings & Investment Ltd and Jamnal…

Allianz completes €2.1bn sale of stakes in two JVs to Bajaj Group

Global insurer Allianz has completed the sale of a 23% stake in the two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to the Bajaj Promotor Group (Bajaj) for a gross consideration of approximately €2.1 billion, an updated price from ~€2.6 billion due to current exchange rates. This follows Allianz’s announcement on 17th March 2025 that it had agreed to sell its 26% stake in the non-life and life insurance join…