Bajaj Finserv to Purchase Allianz SE's 26% Stake in Insurance JVs for Rs 24,180 Crore.

Banking & Finance

In March 2025, Pune (Maharashtra)-based Bajaj Finserv Limited (BFS), India’s most diversified Non-Banking Finance Company (NBFC), will acquire Munich (Germany)-based Allianz SE’s 26% stake in their Indian non-life and life insurance Joint Ventures (JVs) for Rs 24,180 crore.


      - The consideration for acquiring a 26% stake in Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC) is Rs 13,780 crore and Rs 10,400 crore, respectively.

     

     

Main Point :-   (i) Post-acquisition, BFS will hold 75.01% in both ventures, while the promoter entities will hold 24.99%. This will increase Bajaj Group’s ownership in the JVs to 100%.

      (ii) The acquisition is subject to regulatory approvals. Under the Share Purchase Agreement (SPA), BFS will directly acquire approximately 1.01% of each company, Bajaj Holdings & Investment will acquire approximately 19.95%, and Jamnalal Sons (promoter entities) will acquire approximately 5.04%.

(iii) Once the acquisition is completed, Allianz will no longer be a promoter of these JVs, and the JV agreements between Allianz SE and BFS will be terminated, marking the end of a 24-year partnership between Bajaj and Allianz.

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