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Bajaj Finserv to buy Allianz's 26 per cent stake in insurance joint ventures
The Statesman Bhubaneswar
|March 19, 2025
Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures namely Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC) for Rs 24,180 crore, the NBFC said in a statement.
With the acquisition, Bajaj Group's stake in the two insurance ventures will go up to 100 per cent from 74 per cent and the group will acquire the 26 per cent stake in BALIC for Rs 10,400 crore and in BAGIC for Rs 13,780 crore.
This story is from the March 19, 2025 edition of The Statesman Bhubaneswar.
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