Archive · 8 Jan 2026
Bajaj Group Completes Allianz Stake Acquisition
Bajaj Group has finished buying a big part (23%) of two insurance companies that they shared with a German company called Allianz.
They paid a lot of money (₹21,390 crore) to buy this part.
Now, Bajaj Group owns almost all (97%) of these insurance companies.
The rest of the part (3%) will be bought later if the government says it's okay.
The insurance companies will still be in Pune, and the boss of Bajaj Finserv said this will help them grow more in the future.
The stock price of Bajaj Finserv went down a little after this news.
Bajaj Group completed the acquisition of a 23% stake in two insurance subsidiaries from Allianz SE for ₹21,390 crore.
The acquisition increases Bajaj Group's shareholding in the insurance companies to 97% from 74%.
The remaining 3% stake buyout is subject to regulatory approval and will be completed over the next few months.
The corporate headquarters of Bajaj General Insurance and Bajaj Life Insurance will remain in Pune, Maharashtra.
Bajaj Finserv shares closed 1.16% lower at ₹2,008.75 after the acquisition announcement.
- Who
- Bajaj Group
- What
- Completed acquisition of 23% stake in insurance subsidiaries from Allianz SE
- When
- January 8, 2026
- Where
- Pune, Maharashtra
- Why
- To increase shareholding and gain strategic flexibility in insurance markets
- Company
- Bajaj Group
- Acquired Stake
- 23%
- Acquisition Cost
- ₹21,390 crore
- Insurance Subsidiaries
- Bajaj Holdings & Investment Ltd, Jamnalal Sons Pvt. Ltd
- Total Stake After Acquisition
- 97%
- Remaining Stake Buyout
- 3% (subject to regulatory approval)
- Headquarters Location
- Pune, Maharashtra
- Bajaj Finserv Share Price
- ₹2,008.75 (January 8, 2026)
