News From Press Bajaj Finserv buys out Allianz from life, general insurance JVs

Bajaj Finserv buys out Allianz from life, general insurance JVs

Source: Financial Express 18 hours ago

Bajaj Finserv has signed share purchase agreements (SPAs) with Allianz SE to acquire the German insurer’s 26% stake in their two joint ventures — Bajaj Allianz General Insurance Company (BAGIC) 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 Allianz.

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