Bajaj finserv share price News– Bajaj Finserv is acquiring Allianz SE’s 26% investment in life and general insurance businesses for Rs. 24,180 crore, marking the end of their 24-year association. Bajaj will fully own both insurance firms. Allianz intends to reinvest the revenues in fresh possibilities in India. This transaction seeks to provide value to Bajaj Finserv’s stakeholders.
Bajaj Allianz Split Finalized in Landmark Rs.24,000 Crore Deal
Bajaj Finserv has agreed to purchase Allianz SE’s 26% share in its life and general insurance businesses for Rs. 24,180 crore, ending a 24-year association.
The takeover of Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company, valued at Rs. 13,780 crore and Rs. 10,400 crore, respectively, would increase the Bajaj Group’s stake from 74% to full ownership, according to a stock market filing on Monday.
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