Bajaj Finserv Ltd. - Latest Posts
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Bajaj Finserv on March 17 announced it has inked share purchase agreements with Allianz SE to acquire 26 percent stake in the insurance joint venture Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC) for Rs 24,180 crore ($2.83 billion), the companies said in a statement. The move will take Bajaj group’s ownership in BAGIC and BALIC to 100 percent from the current 74 percent, the statement said. Bajaj will pay Rs 13,780 crore and Rs 10,400 crore resp...
