Bajaj Finserv to Acquire 26% Stake of Allianz, Plans Future IPO

Bajaj Finserv has confirmed its intent to list its life and general insurance businesses in the future. However, a public offering before FY27 is unlikely as per news reports. The company has also announced a major acquisition deal, securing full ownership of its insurance ventures.

Complete Acquisition from Allianz

Bajaj Finserv and its promoter entities will acquire Allianz SE’s 26% stake in Bajaj Allianz Life and Bajaj Allianz General Insurance. This transaction will give Bajaj Finserv full control of both companies. With this strategic move, the company has reaffirmed that it does not require new partners to sustain growth.

Bajaj Finserv and Promoter companies will pay ₹13,780 crore for a 26% stake in Bajaj Allianz General Insurance, valuing the entity at ₹53,346 crore and another ₹10,400 crore for another 26% stake in Bajaj Allianz Life Insurance, valuing the company at ₹40,000 crore.

Strong Growth Prospects and Future Plans

Chairman & MD Sanjiv Bajaj highlighted that Bajaj Allianz Life has outperformed the market over the past six to seven years and aims for even stronger profitability. Both insurance businesses are expected to expand at rates exceeding industry averages. Despite ownership changes, leadership at both companies will remain unchanged.

Bajaj Finserv Share Performance

As of March 18, 2025, at 12: 30 PM, The shares of Bajaj Finserv are trading at ₹1840.10 per share, reflecting a decline of around 1.68% from the previous closing price. Over the past month, the stock has registered a fall of 2.83%.

Conclusion

By securing full ownership of its insurance businesses, Bajaj Finserv is positioning itself for independent growth and a future public listing. The company remains focused on strengthening its market presence and delivering higher profitability.

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