Bajaj Finserv has acquired the remaining 50% equity stake in Bajaj Financial Distributors Limited (BFDL) from Allianz SE, making BFDL a wholly-owned subsidiary. The acquisition, completed on January 16, 2026, involved purchasing 12,00,000 equity shares for INR 12.5 crore. The joint venture agreement between Bajaj Finserv and Allianz SE for BFDL has been terminated.
BFDL Now Under Full Control
Bajaj Finserv has completed the acquisition of the remaining 50% stake in Bajaj Financial Distributors Limited (BFDL), formerly known as Bajaj Allianz Financial Distributors Limited. This acquisition finalizes Bajaj Finserv’s ownership of BFDL.
Details of the Acquisition
The transaction involved Bajaj Finserv acquiring 12,00,000 equity shares from Allianz SE for a total consideration of INR 12.5 crore. As a result of this acquisition, Bajaj Finserv now holds 100% equity in BFDL, effective January 16, 2026.
Joint Venture Termination
With the completion of the acquisition, the joint venture agreement between Bajaj Finserv Limited and Allianz SE pertaining to BFDL has been formally terminated, effective January 16, 2026.
Impact on Subsidiaries
As a consequence of BFDL becoming a wholly owned subsidiary of Bajaj Finserv, Bajaj Staffing Solutions Limited (BSSL), formerly known as Bajaj Allianz Staffing Solutions Limited, is now an indirect wholly owned subsidiary of the Company.
Source: BSE
