Bajaj Finserv Ltd., Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited completed the acquisition of an additional 23% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE for approximately INR 210 billion.
Bajaj Finserv Ltd. (NSEI:BAJAJFINSV), Bajaj Holdings & Investment Limited (BSE:500490) and Jamnalal Sons Private Limited agreed to acquire an additional 26% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE (XTRA:ALV) for approximately INR 240 billion on March 17, 2025. As per the transaction, stake Bajaj Allianz General Insurance Company Limited will be acquired at INR 4,808.24 per share and stake in Bajaj Allianz Life Insurance Company Limited will be acquired at INR 2,654.12 per share. A cash consideration will be paid by Bajaj Finserv Ltd., Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited. Upon completion, Bajaj Finserv Ltd. will own 75.01% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited. The transaction is approved by board of directors of Bajaj Group and is subject to all necessary regulatory approvals, including approvals from the Competition Commission of India and the Insurance Regulatory and Development Authority of India. The transaction is expected to close on or before July 16, 2026. As on May 20, 2025, The Competition Commission of India has approved the proposed combination involving acquisition of Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Financial Distributors Limited by Bajaj Finserv Limited, Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited. As on July 15, 2025 Insurance Regulatory and Development Authority of India has accorded its approval today to both the aforesaid Insurance Subsidiaries for transfer of equity shares held by Allianz SE, representing 26% of their paid-up equity capital
Shailaja Lall, Akshay Sachthey, Harman Singh Sandhu, Aman Singh Sethi, Gouri Puri, Rahul Yadav and Manjari Tyagi of Shardul Amarchand Mangaldas & Co acted as legal advisor to Bajaj Finserv Ltd.
Bajaj Finserv Ltd. (NSEI:BAJAJFINSV), Bajaj Holdings & Investment Limited (BSE:500490) and Jamnalal Sons Private Limited completed the acquisition of an additional 23% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE (XTRA:ALV) for approximately INR 210 billion on January 8, 2026. As regards the remaining 3% equity stake held by Allianz SE in each of Bajaj General and Bajaj Life, the Boards of Bajaj General and Bajaj Life have today approved to offer buyback to its shareholders, subject to applicable law and necessary approvals, after receipt of which, Allianz SE proposes to tender 3% equity stake pursuant to the Buyback of equity shares by Bajaj General and Bajaj Life. The buyback, if done, would be at the same price as mentioned above.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include life insurance, general insurance, windmill, retail financing, and investments and others. It focuses on commercial lending; personal loans; small and medium enterprise lending; rural lending; deposit; loan against securities, and partnerships and services. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
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Bajaj Finserv Ltd., Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited completed the acquisition of an additional 23% stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE for approximately INR 210 billion.
