Synopsis:
Bajaj Finserv shares received IRDAI approval to acquire Allianz’s 26% stake in its life and general insurance joint ventures. The move will lead to full ownership by the Bajaj Group, marking Allianz’s complete exit.
The shares of a leading financial services conglomerate were in focus after receiving regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire the remaining 26% stake held by its foreign partner in both its life and general insurance joint ventures.
With a market capitalization of Rs 3,22,974 Crores, the share price of Bajaj Finserv Ltd remained flat in Wednesday’s trading session and hit an intraday high of Rs 2041.35 per share from the previous day’s closing price of Rs 2037.45 per share.
What’s the News
Bajaj Finserv Ltd has received regulatory approval from IRDAI to acquire Allianz SE’s 26% stake in its two insurance joint ventures, Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, paving the way for full ownership by the Bajaj Group.
The strategic stake transfer, announced earlier on March 17 and May 21, 2025, will be executed by Bajaj Finserv, along with Bajaj Holdings & Investment Ltd (promoter) and Jamnalal Sons Pvt Ltd (promoter group). The acquisition will mark Allianz’s complete exit from both joint ventures.
IRDAI’s approval, granted on July 16, 2025, is subject to applicable regulatory and legal compliance. With this move, the Bajaj Group is set to fully consolidate its insurance businesses, transitioning them from joint ventures with a foreign partner to 100% Indian-owned entities.
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About the Company
Bajaj Finserv Ltd. is the holding company for the financial services businesses of the Bajaj Group. It serves millions of individual and SME customers across India by offering a wide range of solutions that cater to every stage of a customer’s financial lifecycle.
These include asset acquisition through personal and home loans, asset protection via general insurance and healthcare platforms, and family and income protection through life and health insurance products.
The company also provides investment and wealth management solutions such as ULIPs, mutual funds, fixed deposits, and equity investments, along with retirement planning through annuities and savings schemes.
With a vision to be a diversified financial services group with a pan-India presence, Bajaj Finserv aims to deliver comprehensive and integrated financial services to support long-term financial well-being for its customers.
The company reported a revenue of Rs 133,822 crore in FY25, up by 21.2 percent from its FY24 revenue of Rs 110,382 crore. Coming to its profitability, the company reported a net profit rise of 12.6 percent to Rs 17,558 crore in FY25 from Rs 15,595 crore in FY24. The stock delivered an ROE and ROCE of 13.4 percent and 11.0 percent, respectively.
Written By Rohan Pandey
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