Bajaj Finserv to buy Allianz’s 26% stake in insurance joint ventures

The NBFC said in a statement that Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC), for Rs 24,180 crore.