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Big news for Bajaj Finserv! The company, along with its promoter group (Bajaj Holdings & Investment and Jamnalal Sons), has received a green light from the IRDAI to acquire Allianz SE's 26% stake in their joint venture insurance companies: Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance. This strategic move significantly consolidates Bajaj Finserv's ownership in these core insurance subsidiaries, reinforcing its grip on a key growth driver within its financial services portfolio. A clear step towards strengthening their market position.