Bajaj Finserv Acquires Allianz SE's 50% Stake in Bajaj Financial Distributors Limited for INR 12.5 Crore

Bajaj Finserv Ltd has acquired 50% equity stake in Bajaj Financial Distributors Limited (BFDL) from Allianz SE. The acquisition was made at an aggregate purchase consideration of INR 12.5 crore, which includes all rights, title, benefits, and interest. This acquisition has resulted in Bajaj Finserv holding 100% equity stake in BFDL. The joint venture agreement between Bajaj Finserv Limited and Allianz SE, in relation to BFDL, has been terminated. Furthermore, Bajaj Staffing Solutions Limited, a wholly owned subsidiary of BFDL, has become an indirect wholly owned subsidiary of Bajaj Finserv.