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Bajaj Finserv is set to acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for ₹13,780cr and ₹10,400cr, respectively. This will increase its ownership in both firms from 74% to 100%, marking the end of a 24-year partnership with Allianz. The deal awaits regulatory approvals and will raise Bajaj Finserv’s direct holding in BAGIC and BALIC to 75.01%. While Allianz shifts focus to new opportunities in India, Bajaj Finserv aims to strengthen its insurance presence. Analysts expect this move to boost profitability, drive customer-centric innovations, and enhance Bajaj Finserv’s long-term growth in the financial services sector. The strategic acquisition positions Bajaj Finserv as a dominant player in the insurance market.
Asian Paints has sold its Indonesian operations to Omega Property Investments’ Singaporean subsidiary for ₹44cr as part of its strategic shift toward high-growth markets. Entering Indonesia in 2012, the company faced stiff competition and underperformance, prompting the exit. This move allows Asian Paints to consolidate resources and focus on core markets like India and the Middle East while exploring new opportunities. The company remains committed to innovation and expansion, ensuring sustainable growth in its key operational regions.
Here’s presenting our Monthly Snapshot for March 2025. Our newsletter takes a deep dive into the global scenario, Government policies, Indian startups raising funds, important sector updates, the performance of various asset classes, and much more.
Co – Contributors: Kushagra Khetan | Sachi Agarwal | Sahil Drolia | Puja Kejriwal | Raj Singh | Khushi Chaudhary | Armaan Arya
