Bajaj Holdings & Investment Limited. ( (IN:BAJAJHLDNG) ) just unveiled an announcement.
Bajaj Holdings & Investment Limited has announced its board’s approval to acquire 19.95% of the paid-up equity share capital of both Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited from Allianz SE. This strategic move aims to strengthen Bajaj Holdings’ position in the insurance sector, subject to regulatory approvals, and is expected to be completed by July 2026. The acquisition will be conducted through cash transactions, enhancing Bajaj Holdings’ investment portfolio and potentially impacting its market standing positively.
More about Bajaj Holdings & Investment Limited.
Bajaj Holdings & Investment Limited operates in the financial sector, focusing on investment management. It primarily engages in holding strategic investments in group companies, including those in the insurance industry.
YTD Price Performance: -4.69%
Average Trading Volume: 3,108
Current Market Cap: 1259.2B INR
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