Business Update31 Jul 2026, 12:13 pm
Bajaj Finserv Board Approves Re-insurance Business Subsidiary
AI Summary
Bajaj Finserv Ltd's Board of Directors has approved the pursuit of re-insurance business through a new subsidiary, subject to regulatory approvals from IRDAI and other authorities. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with unmodified limited review reports. Additionally, the company approved the issuance of 15,11,358 equity shares to the Bajaj Finserv ESOP Trust at applicable grant prices.
Key Highlights
- Board approved pursuing re-insurance business via a new subsidiary.
- Subject to IRDAI and other necessary regulatory approvals.
- Unaudited Q1 FY27 financial results approved.
- 15,11,358 equity shares to be issued to ESOP Trust.
Price Impact
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