Acquisition History / Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) / Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance
Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) Acquires Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance
Announced March 2025 — $2.73B
What happened
The Bajaj Group bought Allianz SE out of its two Indian insurance joint ventures, acquiring the German insurer's 26% holdings in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for a total Rs 24,180 crore. Bajaj Finserv took about 1.01%, Bajaj Holdings & Investment 19.95% and Jamnalal Sons 5.04% in each company, lifting group ownership from 74% to 100%. The deal ended a 24-year partnership.
- Target
- Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance
- Announced
- March 2025
- Price
- $2.73B
- Industry
- General and life insurance
- Buyer type
- Strategic acquirer
- Backing investors
- Allianz SE (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) acquire Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance?
Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) acquired Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance on March 2025. This was Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) pay for Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance?
Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) paid $2.73B for Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.
What does Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance do?
The Bajaj Group bought Allianz SE out of its two Indian insurance joint ventures, acquiring the German insurer's 26% holdings in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for a total Rs 24,180 crore. Bajaj Finserv took about 1.01%, Bajaj Holdings & Investment 19.95% and Jamnalal Sons 5.04% in each company, lifting group ownership from 74% to 100%. The deal ended a 24-year partnership.
What other General and life insurance companies has Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons) acquired?
Allianz SE's 26% stakes in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance is Bajaj Group (Bajaj Finserv, Bajaj Holdings & Investment, Jamnalal Sons)'s only publicly tracked acquisition in General and life insurance so far.