Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). This would offer Bajaj Group 100% ownership in the JVs. The transaction is valued at Rs241.8bn, with ...

Under the deal, Bajaj Finserv will acquire about 1.01% in each company, Bajaj Holdings and Investment Ltd will pick up 19.95%, and Jamnalal Sons Pvt. Ltd will take 5.04%, aggregating to the full 26% ...

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 ...

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 ...

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 ...

The company has filed the stock exchange disclosure. Bajaj Allianz Life has an embedded value of nearly Rs 23,000 crore. The life insurance company has a 3% market share in term of premium ...

Bajaj Finserv has acquired Allianz’s 26% stake in its insurance arms for ₹24,180 cr. What’s next for policyholders, ...

“The execution of the SPAs marks the culmination of constructive and amicable discussions to ensure a seamless transfer of the stake of Allianz,” Bajaj Finserv said. (Photo source: Reuters ...

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 ...

Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an ...

After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs ... that there would be no impact on the company’s operations or business.