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Informist, Thursday, Jan. 8, 2026

 

--Bajaj Finserv: Acquired 23% stake in Bajaj General, Bajaj Life from Allianz 

--Bajaj Finserv: Acquired stake from Allianz SE for total INR 213.90 bln 

 

NEW DELHI – Bajaj Finserv Ltd. Thursday said the Bajaj Group has completed the acquisition of 23% stake in Bajaj General Insurance Ltd. and Bajaj Life Insurance Ltd. from Allianz SE for INR 213.90 billion. Bajaj Group's stake in the two insurance companies now stands at 97%, up from 74?rlier.

 

The acquisition ends a 24-year joint venture between Bajaj Finserv and Allianz SE, the company said in a release. The acquisition of the remaining 3% stake is expected to be completed over the next few months through a share buyback, Bajaj Finserv said in an exchange filing.

 

Under the joint venture, Bajaj General Insurance was known as Bajaj Allianz General Insurance Co. Ltd., and Bajaj Life Insurance as Bajaj Allianz Life Insurance Co. Ltd.

 

Individually, Bajaj Finserv currently holds a 75.01% stake in each of the insurance firms. If and when the proposed buyback goes through, Bajaj Finserv's stake is expected to rise to 77.3%, with Bajaj Holdings & Investment Ltd. holding around 18.1%, and the remainder held by Jamnalal Sons Pvt. Ltd. 

 

To complete the deal, Bajaj Holdings & Investment acquired 19.36 million shares of Bajaj General at INR 4,808.2 per share and 26.46 million shares of Bajaj Life at INR 2,654.12 per share from Allianz, translating into a 17.56% stake in each insurer.

 

Separately, Bajaj Finserv bought 1.11 million shares of Bajaj General and 1.52 million shares of Bajaj Life, representing a 1.01% stake in each company. Jamnalal Sons bought 4.88 million shares of Bajaj General and 6.77 million shares of Bajaj Life, representing a 1.01% stake in each company, representing a 4.43% stake in each insurer. The proposed buyback is expected to be carried out at the same price.

 

"The acquisition has no impact on the operations of the insurance companies or the interests of policyholders and business partners," Bajaj Finserv said in a statement. The deal was originally announced in March last year.

 

For the September quarter, Bajaj Finserv had reported a consolidated net profit of INR 22.44 billion on a revenue of INR 374.03 billion, while Bajaj Holdings had reported a consolidated net profit of INR 15.59 billion on revenues of INR 3.97 billion.

 

Thursday, shares of Bajaj Finserv closed 1.1% lower on the National Stock Exchange at INR 2,008.90, and shares of Bajaj Holdings closed 0.1% higher at INR 11,209.  End

 

Reported by Anand JC

Edited by Saji George Titus

 

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