News From Press Allianz may end tie-up with Bajaj Finserv over stake row

Allianz may end tie-up with Bajaj Finserv over stake row

Source: The Economic Times May 20, 2016

The testy relationship between Bajaj FinservBSE -0.38 % and Allianz SE is likely heading to a break-up as they failed to come to a deal on giving a higher stake to the German financial services company in their joint venture insurance firms. Bajaj is now lobbying with the industry regulator to block a future entry of Allianz saying that could undermine the existing operations, said people in the know.

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