Bajaj Finserv Gets IRDAI Nod to Acquire Allianz’s Stake in Insurance JVs

Bajaj Finserv Ltd has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire a 26% equity stake held by Allianz SE in its insurance subsidiaries, Bajaj Allianz General Insurance Company Ltd and Bajaj Allianz Life Insurance Company Ltd.

Strategic Stake Transfer Finalised

The acquisition will be carried out by Bajaj Finserv, its promoter Bajaj Holdings & Investment Ltd, and promoter group entity Jamnalal Sons Pvt Ltd. This development follows earlier disclosures dated March 17 and May 21, 2025. The 26% stake represents Allianz SE’s entire holding in the two joint venture insurance businesses.

Regulatory Green Light with Conditions

IRDAI’s approval, granted on July 16, 2025, is subject to compliance with applicable laws and regulations. With this move, the Bajaj Group entities are set to fully consolidate ownership in their insurance arms, transitioning from joint ventures to wholly Indian-owned companies.

Bajaj Finserv’s 18th AGM and Dividend Proposal Set for July 25

Bajaj Finserv will hold its 18th Annual General Meeting (AGM) on Friday, July 25, 2025, to consider and adopt the standalone and consolidated financial statements for the year ended March 31, 2025, along with the Directors’ and Auditors’ Reports. 

During the meeting, shareholders will also vote on the proposed dividend of ₹1 per equity share for FY25. On the same day, the company will host a conference call for analysts and institutional investors to discuss its financial results for the quarter ended June 30, 2025.

Bajaj Finserv Share Price Performance

On July 16, 2025, Bajaj Finserv share price (NSE: BAJAJFINSV) opened at ₹2,040.10, up from its previous close of ₹2,036.50. At 9:58 AM, the share price of Bajaj Finserv was trading at ₹2,028.30, down by 0.40% on the NSE.

Also Read: Bharti AXA Launches New Savings Linked Life Insurance Plan!

Conclusion

This strategic acquisition marks a significant shift in Bajaj Finserv’s insurance operations, giving it greater control and flexibility in shaping future business strategy and operations in both life and general insurance segments.

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