Bajaj Finserv Limited, along with its promoter group companies Bajaj Holdings & Investment Limited and Jamnalal Sons Private Limited, has successfully completed the acquisition of a 23% stake in its insurance subsidiaries, Bajaj General Insurance and Bajaj Life Insurance, from Allianz SE. The total transaction value is ₹21,390 crore, with ₹12,190 crore for Bajaj General Insurance and ₹9,200 crore for Bajaj Life Insurance.

This acquisition increases the Bajaj Group's ownership in both companies to 97% from 74%, granting Bajaj Finserv complete control with a 75.01% stake. This marks the end of a 24-year joint venture between Bajaj Finserv and Allianz SE. The transfer of Allianz's remaining 3% stake is expected to be completed within the next few months through a proposed buyback of shares by the insurance companies, subject to legal approvals. Following a successful buyback, Bajaj Finserv's stake is projected to rise to approximately 77.3%.

The acquisition is the largest ever in the Indian insurance sector and one of the most significant acquisitions of a global joint venture partner by an Indian business group. The transaction has no impact on the operations of the insurance companies or the interests of policyholders and business partners. Sanjiv Bajaj, Chairman & Managing Director of Bajaj Finserv, stated that the transaction is transformative, enabling the group to contribute more strongly to the 'Insurance for All' vision and providing strategic flexibility for growth. The deal was funded entirely by the Bajaj Group with no leverage, and regulatory approvals from CCI and IRDAI were received within 4 months.

The transition to complete Indian ownership began with the rebranding of the insurance companies in October 2025 to Bajaj General Insurance and Bajaj Life Insurance, signifying the Bajaj Group's renewed commitment to the Indian financial services sector. The corporate headquarters for both insurance companies will remain in Pune.