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get CCI's nod to acquire Allianz's 26 pc stake in insurance JVs for Rs 24,180 cr

The Competition Commission of India (CCI) has approved Bajaj Group's acquisition of a 26% stake each in Bajaj Allianz General Insurance and

from Allianz SE for Rs 24,180 crore. This deal will increase Bajaj Group's ownership to 100%. CCI also approved Bajaj Finserv's acquisition of 50% stake in Bajaj Allianz Financial Distributors from Allianz.