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Bajaj Finserv Limited ( (IN:BAJAJFINSV) ) has provided an announcement.
Bajaj Finserv Limited has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire a 26% equity stake in its insurance subsidiaries, Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited, from Allianz SE. This acquisition, involving Bajaj Holdings & Investment Ltd and Jamnalal Sons Private Ltd, is expected to strengthen Bajaj Finserv’s control over its insurance operations, potentially enhancing its market position and operational synergies.
More about Bajaj Finserv Limited
Bajaj Finserv Limited operates in the financial services industry, providing a range of products including insurance, lending, and wealth management services. The company focuses on leveraging its diverse offerings to cater to the financial needs of individual and corporate clients in India.
Average Trading Volume: 86,322
Current Market Cap: 3221.9B INR
Learn more about BAJAJFINSV stock on TipRanks’ Stock Analysis page.