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Allianz to explore new avenues in India after exit from Bajaj JVs
Business Standard
|March 19, 2025
Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an operator, the company told Business Standard on Tuesday.
This comes after the Germany-based financial services company signed a share-purchase agreement with Bajaj Finserv to sell its 26 per cent stake in both the insurance joint ventures it has with Bajaj Finserv — Bajaj Allianz Life Insurance Company (BALIC) and Bajaj Allianz General Insurance Company (BAGIC) — for a total consideration of ₹24,180 crore.
"India will continue to be one of Allianz's main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an operator," the company said.
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