India-based Bajaj Group Ltd. has acquired a 23% stake in its insurance subsidiaries from Germany-based Allianz SE for 213.9 billion Indian rupees ($2.4 billion), Yahoo Finance reports, citing Reuters. The deal gives Bajaj Finserv full control of Bajaj General Insurance Ltd. and Bajaj Life Insurance Company Ltd. with a 75% stake and lifts the group’s overall holding in the two companies to 97%.
Bajaj buys out Allianz in $2.4B deal
January 9, 2026