Bajaj to acquire Allianz's 26% stake, ending 24-year joint venture in insurance businesses
6 days, 7 hours ago

Bajaj to acquire Allianz's 26% stake, ending 24-year joint venture in insurance businesses

Hindustan Times  

Bajaj is terminating its now 24-year-old joint venture with German financial services firm Allianz SE by acquiring the latter's stake in their insurance businesses. The joint venture will officially get terminated upon the completion of the first acquisition tranche of at least 6.1 per cent and the reclassification of Allianz from being a Promoter to Investor. For this, Bajaj Finserv signed Share Purchase Agreements to buy Allianz's 26 per cent stake in the businesses to gain full ownership from the current 74 per cent Bajaj owns. The joint venture will officially get terminated upon the completion of the first acquisition tranche of at least 6.1 per cent and the reclassification of Allianz from being a Promoter to Investor, announced the company in its official statement on Monday, March 18, 2025. The terms of the agreement propose that Bajaj Finserv Ltd. will acquire approximately 1.01 per cent, Bajaj Holdings and Investment Ltd. approximately 19.95 per cent and Jamnalal Sons Pvt.

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History of this topic

Allianz SE looks to partner with Jio Financial Services after exiting Bajaj joint venture: Report
5 days, 3 hours ago

Allianz SE looks to partner with Jio Financial Services after exiting Bajaj joint venture: Report

Hindustan Times  

German financial services company Allianz SE may now be looking to tie up with billionaire Mukesh Ambani's Jio Financial Services for a second shot in the domestic life and general insurance market. People stand next to a logo of Jio Financial Services ahead of its listing ceremony at the Bombay Stock Exchange in Mumbai, India, August 21, 2023. This comes …

Bajaj to acquire Allianz’s 26% stake in life, general insurance JVs for ₹24,000 cr
6 days, 10 hours ago

Bajaj to acquire Allianz’s 26% stake in life, general insurance JVs for ₹24,000 cr

The Hindu  

Bajaj Finserv will acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company for ₹24,180 crore. The consideration for the 26% stake in the general insurance and life insurance JVs is ₹13,780 crore and ₹10,400 crore respectively, Bajaj Finserv said on March 17, announcing signing of share purchase agreements. Under the SPAs, Bajaj …

Bajaj to buy out Allianz's stake in insurance joint ventures after 24 years
Trending News
6 days, 13 hours ago

Bajaj to buy out Allianz's stake in insurance joint ventures after 24 years

India Today  

Bajaj Finserv Ltd. has signed definitive agreements to acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for a total of Rs 24,180 crore. Bajaj Finserv Ltd. will acquire approximately 1.01% in each of the insurance companies, Bajaj Holdings and Investment Ltd. will pick up 19.95%, and Jamnalal Sons Pvt. “Together with Allianz, we …

Stocks to Watch: Vodafone Idea, NHPC, Torrent Power, BEL, Bajaj Finserv, and more
3 months, 2 weeks ago

Stocks to Watch: Vodafone Idea, NHPC, Torrent Power, BEL, Bajaj Finserv, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Torrent Power: Torrent Power announced that its ₹3,500 crore qualified institutional placement issue was oversubscribed by four times, receiving bids worth ₹14,000 crore. Bajaj Finserv: Bajaj Finserv's unlisted insurance subsidiaries, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, reported strong premium performance for November 2024. …

Bajaj Finserv Soars 8% as Insurance Push Fuels Profit
5 months ago

Bajaj Finserv Soars 8% as Insurance Push Fuels Profit

New Indian Express  

Bajaj Finserv reports an 8 percent rise in net profit to Rs 2,087 crore in the September quarter. The company's net gain on fair value of investments increased by Rs 1,650 crore, contributing significantly to the overall profit. The revenue of the company jumped 29 percent to Rs 33,704 crore, but it did not translate into commensurate net income due …

Bajaj Finserv Q4 Results: Net Profit Jumps 20% to Rs 2,119 Crore, Rs 1 Dividend Declared
10 months, 3 weeks ago

Bajaj Finserv Q4 Results: Net Profit Jumps 20% to Rs 2,119 Crore, Rs 1 Dividend Declared

News 18  

Bajaj Finserv Ltd on Friday reported a 20 per cent jump in its consolidated net profit to Rs 2,119 crore for the fourth quarter ended March 31, 2024. For the financial year 2023-24, the company witnessed a 27 per cent increase in profit to Rs 8,148 crore, as against Rs 6,417 crore in the previous fiscal. Bajaj Allianz General Insurance …

Bajaj Finserv Q2 net profit rises 24% to ₹1,929 crore; stock jumps over 2%
1 year, 4 months ago

Bajaj Finserv Q2 net profit rises 24% to ₹1,929 crore; stock jumps over 2%

Live Mint  

Bajaj Finserv on Friday reported a consolidated net profit of ₹1,929 crore for the second quarter of FY24, registering a growth of 24% from ₹1,557 crore in the corresponding quarter of last fiscal. Bajaj Finserv Asset Management received encouraging response to its mutual fund schemes launched in the quarter with Assets Under Management of ₹5,235 crore at 30 September 2023, …

Bajaj Finserv Q4 results: Consolidated profit jumps 31.4%
1 year, 10 months ago

Bajaj Finserv Q4 results: Consolidated profit jumps 31.4%

Live Mint  

NBFC-major Bajaj Finserv posted a 31.4% growth in consolidated net profit to ₹1,769 crore for the fourth quarter of FY23 compared to a profit of ₹1,346 crore in the same quarter a year ago. Here's how Bajaj Finserv's companies have performed in Q4FY23: Bajaj Finance Ltd In comparison to Q4 FY22, the company's overall revenue climbed by 32% to ₹11,363 …

Bajaj Finserv shares: IIFL maintains ‘Add’ rating on the stock. Key triggers
2 years, 5 months ago

Bajaj Finserv shares: IIFL maintains ‘Add’ rating on the stock. Key triggers

Live Mint  

Domestic brokerage and research firm IIFL hosted the senior management of Bajaj Finserv Ltd for investor meetings in the USA. “Insurance businesses are firing on all cylinders investments in finance and health platforms would create extensions that would be value accretive over the next decade. The brokerage has maintained its ‘Add’ rating on Bajaj Finserv shares with a 12-month target …

Bajaj Finance reports 57% jump in Q4 consolidated net profit at ₹1,176 crore
5 years, 10 months ago

Bajaj Finance reports 57% jump in Q4 consolidated net profit at ₹1,176 crore

Live Mint  

Mumbai: Bajaj Finance reported a consolidated net profit of ₹1,176.06 crore for the quarter ended March 2019, suggesting an increase of 57% from the same period last year. “Bajaj Finance's liquidity profile also benefits from the high proportion of shorter-tenor assets such as consumer durables; it has significant positive gaps in its asset liability management, indicating that business inflows support …

Bajaj Finserv Q3 net soars 46% to Rs 249 cr
12 years, 2 months ago

Bajaj Finserv Q3 net soars 46% to Rs 249 cr

Firstpost  

Bajaj Finserv today reported a massive 46 percent rise in the net profit at Rs 249 crore in the October-December quarter driven by a strong showing of its life insurance, general insurance and non-banking financial services arms. Mumbai: Bajaj Finserv today reported a massive 46 percent rise in the net profit at Rs 249 crore in the October-December quarter driven …

Bajaj FinServ Q2 Net Up Two-Fold At Rs 158 cr – India TV
13 years, 5 months ago

Bajaj FinServ Q2 Net Up Two-Fold At Rs 158 cr – India TV

India TV News  

Mumbai, Oct 20: Bajaj FinServ, the financial services arm of the Bajaj Group, has reported a more than two-fold rise in net profit to Rs 158 crore in the September quarter on the back of sound rise in income from the insurance businesses among others. Total income in the second quarter ended September 30 rose 52 per cent to Rs …

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