Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


India: Bajaj Finserv to sell part of its stake in insurance business

Comments Email Reprints

India's Bajaj Finserv Ltd. has said that once the Insurance Act is amended, it will offload part of its stake in nonlife and life insurance joint ventures to its foreign partner Allianz S.E., The Times of India reported.

Bajaj Finserv owns 74% of Bajaj Allianz Life Insurance Co. Ltd. and Bajaj Allianz General Insurance Co. Ltd. The government is pushing to increase the amount of foreign ownership local insurers can have to 49%.

Read more

More from BI