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Bajaj Buys Out Allianz From Life, General Insurance JVs

Financial Express Mumbai

|

March 18, 2025

BAJAJ FINSERV HAS signed share purchase agreements (SPAs) with Allianz SE to acquire the German insurer's 26% stake in their two joint ventures — Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC) — for a total consideration of ₹24,180 crore.

- NARAYANAN V

The transaction marks the end of a partnership spanning over two decades between the Bajaj Group and Allianz.

"The agreed consideration for a 26% stake in BAGIC and BALIC is ₹13,780 crore and ₹10,400 crore," Bajaj Finserv said in a regulatory filing on Monday.

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