Bajaj Group—controlled by the Bajaj family, among India's wealthiest clans—agreed to buy out Allianz’ Group's 26% stakes in their Indian insurance joint ventures for $2.8 billion.

For this, Bajaj Finserv signed Share Purchase Agreements to buy Allianz's 26% stake in the businesses to gain full ownership from the current 74% Bajaj owns.

India's Bajaj Finserv said on Tuesday that Allianz SE is considering exiting its life and general insurance joint ventures with the Bajaj Group, potentially ending a decades-old partnership.

For this, Bajaj Finserv signed Share Purchase Agreements to buy Allianz's 26% stake in the businesses to gain full ownership from the current 74% Bajaj owns. Monday, Jun 23, 2025 New Delhi o C ...