Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance, Bajaj Life Insurance

Core Perspective - Bajaj Finserv Limited has rebranded its insurance businesses to Bajaj General Insurance and Bajaj Life Insurance, transitioning from the previous names of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, following the execution of a Share Purchase Agreement (SPA) to acquire Allianz SE's 26% stake, increasing ownership to 100% from 74% [1][8]. Group 1: Rebranding and Vision - The rebranding introduces a new identity and campaign titled '100% Bajaj. Made in India. Made for India. Made by India,' reflecting the Bajaj Group's commitment to the future of insurance in India [1][5]. - The new logo symbolizes the core values of the Bajaj Group, including trust, fairness, transparency, and dedication to national growth [2][8]. - The rebranding is positioned as more than just a name change; it embodies Bajaj Finserv's vision of empowering every Indian to achieve their aspirations while ensuring financial protection [5][8]. Group 2: Regulatory Approvals and Acquisition - The Bajaj Group has obtained all necessary regulatory approvals, including from the Registrar of Companies, the Competition Commission of India, and the Insurance Regulatory and Development Authority of India [6][8]. - The acquisition process, as per the SPA, is expected to conclude in the coming months, resulting in both insurance entities being wholly owned by the Bajaj Group [6][8]. - The joint venture agreements with Allianz SE will be terminated upon the completion of the initial acquisition tranche of at least 6.1%, reclassifying Allianz from a Promoter to an Investor [7][8]. Group 3: Financial Performance - Bajaj Finserv Ltd reported consolidated revenue exceeding ₹1,33,822 crore (approximately USD 15.66 billion) for the fiscal year 2024-25, establishing itself as a leading promoter of financial services in India [8].