Bajaj Finserv will acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company for ₹24,180 crore. The acquisition will increase Bajaj ...

Bajaj group will buy out Allianz's 26% stakes in their life and non-life insurance ventures for Rs 13,780 crore and Rs 10,400 crore, respectively. The deal will make both insurers fully Indian-owned.

In October, Bajaj Finserv hinted that Allianz had expressed its intent to exit the JVs in both life and general insurance. “The execution of the SPAs marks the culmination of constructive and ...

“Allianz has indicated to Bajaj that given its strategic priorities, it is actively considering an exit from the life and general insurance joint ventures,” Bajaj Finserv told the exchanges in ...

Bajaj Allianz General Insurance Co. Ltd and Bajaj Allianz Life Insurance Co. Ltd. The structure of the deal involves Bajaj Finserv and Bajaj Holdings buying out about 1% and 20%, respectively ...

and Bajaj Allianz Life Insurance Company (BALIC) for Rs 24,180 crore ($2.83 billion), the companies said in a statement. The move will take Bajaj group’s ownership in BAGIC and BALIC to 100 ...

In a transaction valued at Rs 24,180 crore, Bajaj Finserv will acquire Allianz’s 26% stake in its life and general insurance businesses, Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz ...

Bajaj Group—controlled by the Bajaj family, among India’s wealthiest clans—agreed to buy out Allianz’ Group’s 26% stakes in their Indian insurance joint ventures for 241 billion rupees ...

After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures.

Global insurance major Allianz SE said it has entered into binding share purchase agreements with Bajaj Finserv to sell its 26 per cent stake in its non-life and life insurance joint ventures (JV ...

and Bajaj Allianz Life Insurance Company (BALIC). Also Read: BYD unveils super-fast EV battery system with 400 km range in just 5-min charge, outpacing Tesla For this, Bajaj Finserv signed Share ...

Allianz will sell its 26% stake each in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance to the Bajaj group for €2.6 billion (around Rs 24,180 crore or $2.8 billion), the company said ...