Bajaj Holdings & Investment Limited has acquired additional equity stakes in Bajaj General Insurance and Bajaj Life Insurance from Allianz SE. The company acquired 17.56% in each subsidiary for approximately INR 4,808.24 and INR 2,654.12 per share, respectively. Following these transactions, Bajaj Holdings, along with Bajaj Finserv and the Promoter Group, now collectively holds 97% of the equity in both insurance companies.
Acquisition of Equity Stake
Bajaj Holdings & Investment Limited has successfully acquired equity stakes in the insurance subsidiaries of Bajaj Finserv Limited, namely Bajaj General Insurance Limited (Bajaj General) and Bajaj Life Insurance Limited (Bajaj Life), from Allianz SE. This acquisition aims to increase Bajaj Holding’s position in its insurance businesses.
Details of the Transaction
The company acquired 1,93,56,005 equity shares of Bajaj General at a price of INR 4,808.24 per share and 2,64,64,600 equity shares of Bajaj Life at a price of INR 2,654.12 per share. This represents a 17.56% equity stake in each company.
Furthermore, Bajaj Finserv Ltd. acquired 11,13,295 equity shares of Bajaj General and 15,22,161 equity shares of Bajaj Life, representing a 1.01% equity stake in each.
Jamnalal Sons Pvt. Ltd. (Promoter Group Company) acquired 48,83,068 equity shares of Bajaj General and 66,76,409 equity shares of Bajaj Life, equivalent to a 4.43% stake in each entity.
Current Holding and Future Plans
Following these acquisitions, Bajaj Holdings, Bajaj Finserv, and the Promoter Group collectively hold 97% of the equity in both Bajaj General and Bajaj Life. Allianz SE currently holds the remaining 3% stake.
Boards of Bajaj General and Bajaj Life have approved a buyback offer to shareholders, which Allianz SE intends to utilize to tender its remaining 3% equity stake. If the buyback does not proceed or is only partially executed, the Company and the Promoter Group may acquire the remaining stake. The acquisition of the remaining stake is expected to be completed by 31 July 2026.
Source: BSE
