The Bajaj Group has finalised terms with German insurer Allianz to terminate their joint ventures in the Indian insurance market. The group is expected to seek approvals from SEBI, IRDAI, and the Competition Commission of India (CCI) by the second quarter of FY26.
On March 18, Bajaj Group announced plans to acquire Allianz’s 26% stake in 2 insurance entities, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. The combined value of the transaction is estimated at over ₹24,100 crore.
The 26% stake held by Allianz will be distributed among three entities from the Bajaj Group:
In the first phase, Bajaj Finserv and Bajaj Holdings are expected to acquire a combined 6.1% stake. This formally ends the joint venture and removes the non-compete clause between the two parties.
The transaction pegs the valuation of the two companies as follows:
These valuations place the deal among the highest-value transactions in India’s insurance sector to date. The conclusion of the deal will depend on receiving the required regulatory clearances. The group aims to complete this process by Q2 FY26.
The termination of the joint ventures will result in full ownership of both insurance businesses by entities within the Bajaj Group, while Allianz will exit its stake and be free to pursue other opportunities in the Indian insurance space.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 9, 2025, 1:57 PM IST
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