Bajaj Finserv completes acquisition of Allianz stake in insurance JVs

Group 1 - Bajaj Finserv and its promoter group companies have acquired a combined 97% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, ending a two-decade partnership with Allianz SE [1][3] - The acquisitions were executed under share purchase agreements signed on March 17, 2025, and later amended [2] - Bajaj Finserv purchased approximately 1.11 million shares of Bajaj Allianz General Insurance at ₹4,808.24 per share and 1.52 million shares of Bajaj Allianz Life Insurance at ₹2,654.12 per share, increasing its stake by 1.01% in each company [3]