Bajaj Finserv to buy Allianz's 26% stake in insurance JVs for Rs 24,180 cr

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Post the acquisition, Bajaj Finserv will own 100 per cent of both insurance ventures.

Bajaj Finserv will buy Allianz’s stake in the general insurance venture for Rs 13,780 crore and in the life insurance venture for Rs 10,400 crore.

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Category: BusinessFinance

Markets: India

Topics: Bajaj Allianz stake buyout Insurance sector India Bajaj Allianz Life Insurance BALIC acquisition Indian financial market Bajaj Allianz General Insurance Allianz SE stake sale BAGIC acquisition Bajaj Group insurance business Foreign investor exit Corporate restructuring 180 crore insurance deal Rs 24 Bajaj Finserv expansion Insurance industry consolidation Allianz SE India exit Joint venture termination Indian insurance market Bajaj Finserv Allianz stake acquisition Bajaj Finserv 100% ownership

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 22:30:00 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 168 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27098688

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