Acquisitions18 Mar 2025, 03:54 am
Bajaj Holdings & Investment Ltd Approved Acquisition of Shares of Bajaj Allianz Life & General Insurance up to 19.95% Each
AI Summary
Bajaj Holdings & Investment Ltd has approved the acquisition of 19.95% each of the paid-up equity share capital of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE. The total cost of acquisition is INR 10,573 crore for Bajaj Allianz General Insurance Company Limited and INR 7,980 crore for Bajaj Allianz Life Insurance Company Limited. The acquisition is subject to approval from the Competition Commission of India, Insurance Regulatory Development Authority of India and any other regulatory approvals as may be necessary. The acquisition is expected to be completed on or before 16 July 2026.
Key Highlights
- Bajaj Holdings & Investment Ltd approved the acquisition of 19.95% each of the paid-up equity share capital of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE.
- The total cost of acquisition is INR 10,573 crore for Bajaj Allianz General Insurance Company Limited and INR 7,980 crore for Bajaj Allianz Life Insurance Company Limited.
- The acquisition is subject to approval from the Competition Commission of India, Insurance Regulatory Development Authority of India and any other regulatory approvals as may be necessary.
- The acquisition is expected to be completed on or before 16 July 2026.
- Bajaj Finserv Limited and Jamnalal Sons Pvt. Ltd., Promoter group of the Company, also proposed to acquire shares of Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE.