Bajaj Holdings & Investment Limited — Important, 17-03-2025: General Updates

Bajaj Holdings & Investment Limited has proposed to acquire a 19.95% equity stake in both Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC) from Allianz SE. The acquisition for BAGIC involves a cash consideration of approximately INR 10,573 crore at a price of INR 4,808.24 per share, with BAGIC's gross written premium reaching INR 20,630 crore for FY 2023-24. Meanwhile, the acquisition for BALIC will require INR 7,980 crore at INR 2,654.12 per share, with a gross written premium of INR 23,043.04 crore for FY 2023-24.

Both acquisitions aim to enhance the group’s strategic investment portfolio and will be subjected to approvals from various regulatory bodies, including the Competition Commission of India and the Insurance Regulatory Development Authority of India. The completion of these transactions is expected on or before 16 July 2026. This strategic move could bolster the company’s foothold in the insurance sector, representing a significant opportunity for future growth amid rising demand for insurance products in India.