Bajaj Finserv, along with its promoter group, has increased its stake in Bajaj General Insurance and Bajaj Life Insurance to 97% through the acquisition of Allianz SE’s stake. The company’s stake in each entity now stands at 75.01%. Consequent to this acquisition, the joint venture agreements with Allianz SE have been terminated, effective January 8, 2026. A buyback of the remaining 3% stake is planned.
Acquisition of Allianz SE’s Stake
Bajaj Finserv has successfully acquired up to 26% of the equity stake owned by Allianz SE in its insurance subsidiaries, namely Bajaj General Insurance Limited and Bajaj Life Insurance Limited. This acquisition increases Bajaj Finserv’s control over these key businesses.
Revised Equity Holding
Following the acquisition, Bajaj Finserv now holds a 75.01% equity stake in each of Bajaj General Insurance and Bajaj Life Insurance.
Additionally, Bajaj Holdings & Investment Ltd. has acquired 17.56% equity stake in each of the insurance companies from Allianz SE.
Jamnalal Sons Pvt. Ltd. has also acquired a 4.43% equity stake in each company from Allianz SE.
Collectively, Bajaj Finserv and the Promoter Group Companies now hold 97% equity stake in both Bajaj General Insurance and Bajaj Life Insurance.
Joint Venture Termination
As a result of the stake acquisition, the Joint Venture Agreements between Bajaj Finserv Limited and Allianz SE in relation to Bajaj General Insurance and Bajaj Life Insurance have been terminated, effective from January 8, 2026.
Proposed Buyback of Remaining Stake
The Boards of Bajaj General Insurance and Bajaj Life Insurance have approved a buyback offer to shareholders for the remaining 3% equity stake held by Allianz SE, subject to applicable laws and approvals. If the buyback is not fully executed, the Promoter Group Companies may acquire the remaining equity stake from Allianz SE. The acquisition of the balance 3% equity stake is expected to be completed by July 31, 2026.
Completed 23% Stake Acquisition
Bajaj Group has completed the acquisition of 23% stake in insurance companies from Allianz SE for Rs. 21,390 crore. This includes Rs. 12,190 crore for Bajaj General Insurance and Rs. 9,200 crore for Bajaj Life Insurance.
Ownership Structure
The acquisition takes the ownership of the Bajaj Group in both insurance companies to 97% from 74%, with Bajaj Finserv holding a 75.01% stake. If the buyback is completed, Bajaj Finserv will hold approximately 77.3% stake and Bajaj Holdings & Investment Limited will hold approximately 18.1% stake.
Source: BSE
