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Allianz seals $2.8bn deal to exit insurance JVs with BajajBajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). This would offer Bajaj Group 100% ownership in the JVs. The transaction is valued at Rs241.8bn, with ...
In October, Bajaj Finserv hinted that Allianz had expressed its intent to exit the JVs in both life and general insurance. “The execution of the SPAs marks the culmination of constructive and ...
Under the deal, Bajaj Finserv will acquire about 1.01% in each company, Bajaj Holdings and Investment Ltd will pick up 19.95%, and Jamnalal Sons Pvt. Ltd will take 5.04%, aggregating to the full 26% ...
Once the deal is concluded, the Bajaj Group’s ownership in both insurance companies will increase to 100%. The acquisition is ...
The deal, expected to close in 15 months, gives Bajaj full control over its insurance businesses, allowing it to pursue new ...
Bajaj Finserv has acquired Allianz’s 26% stake in its insurance arms for ₹24,180 cr. What’s next for policyholders, ...
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures.
Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an ...
The biggest among them is the Bajaj Group's acquisition of Allianz's stake in their two insurance joint ventures for Rs ...
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GlobalData on MSNAllianz Partners forges alliance with Mitsui Sumitomo in New ZealandAllianz Partners New Zealand has reached a multi-year agreement with Mitsui Sumitomo Insurance Company New Zealand Branch ...
Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). This would offer Bajaj Group 100% ownership in the JVs. The transaction is valued at Rs241.8bn ...
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