Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Bajaj Group to buy Allianz stakes in JVs for ₹24,180 cr
Mint Chennai
|March 18, 2025
The Bajaj Group will buy out Allianz SE's stakes in their two insurance joint ventures for a total of ₹24,180 crore, marking the end of its 24-year partnership with the world's largest insurer.
In a late-night statement, Sanjiv Bajaj-led Bajaj Finserv said the company and other promoter firms will acquire the stakes of the German insurer in Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co. for ₹13,780 crore and ₹10,400 crore respectively.
Currently, Allianz owns 26% stake in both companies while Bajaj holds the rest.
“The execution of the share purchase agreements (SPAs) mark the culmination of constructive and amicable discussions to ensure a seamless transfer of the stake of Allianz,” Bajaj Finserv said.
Once the deal is concluded, the Bajaj Group's ownership in both insurance companies will increase to 100%.
The acquisition is subject to approvals from regulators including the Competition Commission of India and the Insurance Regulatory and Development Authority of India, Bajaj Finserv said.
Diese Geschichte stammt aus der March 18, 2025-Ausgabe von Mint Chennai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Chennai
Mint Chennai
Inside Bengaluru's quiet recycling revolution
Stories from the alleys and gullies of India
4 mins
November 29, 2025
Mint Chennai
LIC’s response to voting on RIL, Adani resolutions
A Mint story on Friday reported how Life Insurance Corp. of India Ltd, or LIC, had approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected similar proposals at other large companies.
1 min
November 29, 2025
Mint Chennai
Tech focus drives Meesho's IPO prep
lier thismonth.
1 mins
November 29, 2025
Mint Chennai
Former DBS CEO is Temasek India's new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.
1 mins
November 29, 2025
Mint Chennai
Apple's 5th India store to open in Noida soon
Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.
1 min
November 29, 2025
Mint Chennai
The ghosts that the wind and wildlife mimic
I couldn't be someone knocking on my door, could it?
5 mins
November 29, 2025
Mint Chennai
Everything that’s wrong with India’s development story
This new book inquires into the conditions under which India has tried to develop in the past 75-plus years
4 mins
November 29, 2025
Mint Chennai
Recreating Dharmendra's timeless style
The late movie superstar was the definition of what it means to have a strong personal style
1 min
November 29, 2025
Mint Chennai
Unfussy local bars make a comeback
Neighbourhood spots with affordable pricing and good food are back in the spotlight
3 mins
November 29, 2025
Mint Chennai
Women as custodians of Monpa heritage
The Monpa community in western Arunachal Pradesh is reviving its craft traditions and ploughing the surplus income into wildlife, habitat and heritage conservation
6 mins
November 29, 2025
Listen
Translate
Change font size