Bajaj Group—controlled by the Bajaj family, among India's wealthiest clans—agreed to buy out Allianz’ Group's 26% stakes in their Indian insurance joint ventures for $2.8 billion.

Bajaj Finserv and other promoter entities have agreed to acquire Allianz’s 26% stake in their two joint ventures (JVs) – Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life ...

Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an ...

The consideration for the 26% stake in the general insurance and life insurance JVs is ₹13,780 crore and ... for their deployment that support the company’s strategic ambitions, in particular ...

The German company said it may receive the proceeds in several tranches ... October last year that billionaire Mukesh Ambani-led Jio Financial Services Ltd was in talks with the German firm to form ...

The company had in October last year informed about its intent to sell stake in the JVs. According to reports, the global insurer had a dispute with the majority shareholder over the direction ...

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 ...

Joint Venture Company of NTPC Green Energy and ONGC Green, has completed the acquisition of 100% equity stake in Ayana ...