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Allianz seals $2.8bn deal to exit insurance JVs with Bajajand Bajaj Allianz Life Insurance Company (BALIC). This would offer Bajaj Group 100% ownership in the JVs. The transaction is valued at Rs241.8bn, with Rs137.8bn for BAGIC and Rs104bn for BALIC. Under ...
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% ...
and Bajaj Allianz Life Insurance Company (BALIC) — for a total consideration of Rs 24,180 crore. The transaction marks the end of a partnership spanning over two decades between the Bajaj Group ...
and Bajaj Allianz Life Insurance (BALIC). According to a regulatory filing, Bajaj Finserv will pay Rs 13,780 crore for Allianz’s stake in BAGIC and Rs 10,400 crore for BALIC. Additionally ...
Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). The agreed consideration for a 26 per cent stake in Bagic and Balic is Rs 13,780 crore and Rs ...
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 ...
and Bajaj Allianz Life Insurance (BALIC) for a total of Rs 24,180 crore. The two firms have had a joint venture in the insurance sector for 24 years, and the partnership will officially come to an end ...
and Bajaj Allianz Life Insurance Company (BALIC). The deal, valued at Rs 24,180 crore (USD 2.83 billion), grants Bajaj Finserv full ownership of both firms. With this sale, Bajaj Finserv increases ...
and Bajaj Allianz Life Insurance Company (BALIC) to 100% from the current 74%, Bajaj Finserv said in a statement. It said the acquisition is subject to regulatory approvals, including a nod from ...
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