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BAJAJFINSV

Landmark Deal Ends 24-Year Partnership In a landmark move,

Ltd announced that it will acquire Allianz SE's entire 26% stake in their joint insurance ventures—Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company Ltd (BALIC). The ₹24,180-crore transaction will hand full ownership of both insurers to the Bajaj Group, ending their 24-year partnership. to Acquire Full Ownership of Insurance Firms Under the deal, Bajaj Finserv will acquire about 1.01% in each company, Bajaj Holdings and Investment Ltd will pick up 19.95%, and Jamnalal Sons Pvt. Ltd will take 5.04%, aggregating to the full 26% stake in both firms. Following the acquisition, Bajaj Finserv's stake will rise to 75.01% in both BAGIC and BALIC, solidifying its hold on the insurance businesses. Deal Subject to Regulatory Approvals "This transaction is subject to regulatory approvals, including from the Competition Commission of India (CCI) and the Insurance Regulatory and Development Authority of India (IRDAI)," the company said. With the partnership drawing to a close, both Bajaj Group and Allianz intend to chart independent growth paths in India's expanding insurance market. Bajaj Finserv said the deal would "drive long-term value creation" and "strengthen its position in India's insurance market." Shares of Bajaj Finserv Ltd closed higher at ₹1,871.85 apiece on the BSE, up ₹64.90 or 3.59%. Note : Follow Risk Management and position sizing at all times