Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal - The Rahnuma Daily

DOBLE LLAVE – The German insurer Allianz is going to sell to the Bajaj group its shares in India for 2.6 billion euros, although this country will continue to be a growth market. Allianz informed this week that it will sell to Bajaj Finserv the share of 26% in two joint venture companies of property and life insurance, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Both parties signed binding contracts for this…

Bajaj Finserv Adjusts Allianz Stake Deal for IRDAI ComplianceToggle MenuPreviousContinueContinueContinueContinueContinueContinue

In a strategic move to comply with the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, Bajaj Finserv has structured its ₹24,180-crore acquisition of Allianz SE’s stake in its insurance ventures in a phased manner. Instead of acquiring the entire stake at the company level, Bajaj Finserv will purchase only 1.01% in each of the insurance firms, while the remaining shares will be acquired by its promoter entities—Bajaj H…

Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal - The Rahnuma Daily

Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal Mumbai, March 21 (IANS) Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National Stock Exchange (NSE). The stock has dropped over one per cent in the last five days, nearly 2 per cent in the past month, and over 4 per cent in the last six months. The stock’s declining movement comes after the company recen…