Subsidiary17 Oct 2026, 05:00 pm
Bajaj Finserv Incorporates Wholly Owned Subsidiary Bajaj Reinsurance Limited
AI Summary
Bajaj Finserv Ltd has announced the incorporation of its wholly owned subsidiary, Bajaj Reinsurance Limited, effective October 17, 2026. This move aligns with the company's previously approved proposal to enter the reinsurance business. The new entity, registered in India, will operate in the insurance industry, focusing on reinsurance. Bajaj Finserv has invested ₹1,00,00,000 (10,00,000 equity shares of ₹10 each) for a 100% stake. The incorporation received a no-objection certificate from the IRDAI, and the company has obtained the Certificate of Incorporation from the Ministry of Corporate Affairs.
Key Highlights
- Bajaj Finserv incorporated a wholly owned subsidiary, Bajaj Reinsurance Limited.
- The subsidiary will focus on the reinsurance business.
- Bajaj Finserv invested ₹1,00,00,000 for 100% shareholding.
- Regulatory approvals, including from IRDAI, have been obtained.
Price Impact
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