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Bajaj Group completes acquisition of 23% stake in insurance companies
Jan-09-2026

Bajaj Finserv has successfully completed the acquisition, together with Bajaj Holdings & Investment and Jamnalal Sons (the Promoter Group Company), of 23% stake in its insurance subsidiaries -- Bajaj General Insurance and Bajaj Life Insurance -- from Allianz SE, for Rs 12,190 crore and Rs 9,200 crore respectively.

The acquisition takes the ownership of the Bajaj Group in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with 75.01% stake. This acquisition marks the end of a very successful 24-year joint venture between Bajaj Finserv and Allianz SE.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies, subject to applicable law and necessary approvals. If the buyback is completed, the stake of Bajaj Finserv is expected to go up to around 77.3% with Bajaj Holdings & Investment holding approximately 18.1% stake with the balance being held by Jamnalal Sons.

Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.

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