CosmicTaco
CosmicTaco

Bajaj Finserv Acquires Allianz Stake for Full Ownership

  • Bajaj Finserv has signed share purchase agreements with Allianz SE to acquire a 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore.
  • This acquisition will increase Bajaj's ownership in both insurers to 100% from the current 74%.
  • The transaction marks the end of a 24-year partnership between Bajaj Group and Allianz SE.
  • Regulatory approvals are required, including clearance from the Competition Commission of India and the Insurance Regulatory and Development Authority of India.
  • Bajaj Finserv shares are expected to gain investor attention following the announcement.

Source: Moneycontrol, News 18, The Economic Times

Post image
4mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile šŸ”‘
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
by CosmicTacoGrapevine

Grapevine News Bulletin šŸ“°

Here's we go with the Grapevine News Bulletin - 5 handpicked scoops! šŸ—žļø Devour these tidbits in under 3 minutes and get your brain buzzing!

Let's go!

šŸ.⁠ š¢š±š¢š šØ, šš 'šœšØšœš¤š«šØšššœš” š¬š­ššš«š­š®š©', š¢š¬ š šØš¢š§š  š©š®š›ļæ½...

Post image