Bajaj Holdings & Investment Limited — Board Meeting, 17-03-2025: Outcome of Board Meeting

The Board has approved the acquisition of 19.95% of the paid-up equity share capital of Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC) from Allianz SE. The total cost for BAGIC is approximately ₹10,573 Cr at ₹4,808.24 per share, with its FY 2023-24 gross written premium at ₹20,630 Cr. For BALIC, the acquisition involves ₹7,980 Cr at ₹2,654.12 per share, with a gross written premium of ₹23,043.04 Cr in FY 2023-24. This strategic move aligns with the group's investment holding objectives and is subject to regulatory approvals, expected to complete by mid-July 2026.