Acquisitions12 Mar 2026, 11:15 am
Bajaj Finserv Completes Acquisition of Allianz SE's 26% Stake in Insurance Subsidiaries
AI Summary
Bajaj Finserv Ltd has completed the acquisition of the entire 26% equity stake held by Allianz SE in its insurance subsidiaries, Bajaj General and Bajaj Life. Allianz SE tendered its remaining 3% equity stake in each insurance subsidiary in a buyback offer, leading to its complete exit from the companies. As a result, Bajaj Finserv's equity stake in each insurance subsidiary has increased from 75.01% to 77.33%, and the company, along with promoter group companies, now holds 100% equity stake in both subsidiaries.
Key Highlights
- Bajaj Finserv has completed the acquisition of Allianz SE's 26% stake in its insurance subsidiaries, Bajaj General and Bajaj Life.
- Allianz SE has exited the insurance subsidiaries after tendering its remaining 3% equity stake in each company in a buyback offer.
- Bajaj Finserv's equity stake in each insurance subsidiary has increased from 75.01% to 77.33% post-acquisition.
- Bajaj Finserv and promoter group companies now hold 100% equity stake in both insurance subsidiaries.