Bajaj Finserv Limited — Others, 22-10-2024: Rumour Verification - Regulation 30(11)

Bajaj Finserv has acknowledged media reports regarding Allianz's consideration to exit its insurance joint ventures with the company. While Allianz holds a 26% stake, Bajaj Finserv maintains a 74% stake in the partnerships. Discussions are in preliminary stages, with no formal proposal yet. Allianz has assured its support for a smooth transition to the Bajaj brand, prioritizing the interests of policyholders and stakeholders.