Allianz concludes 23% stake sale in Bajaj insurance JVs

Allianz has finalised the sale of a 23% shareholding in Bajaj General Insurance Company and Bajaj Life Insurance Company to Bajaj Promoter Group. The transaction, first made public in March 2025, is valued at around €2.1bn ($2.4bn). With this deal, Bajaj Finserv, together with its group companies, now owns 97% of each insurance entity. The joint venture (JV) arrangements between Bajaj Finserv and Allianz for both companies ended on 8 January 2026. Allianz is expected to divest its remaining 3% interes ...