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Bajaj Finserv Acquires Remaining 50% Stake in BFDL for ₹12.5 Crore
Bajaj Finserv Limited
January 16, 2026, 12:47 PM
Bajaj Finserv acquired the remaining 50% stake in Bajaj Financial Distributors Limited (BFDL) from Allianz SE for ₹12.5 crore. The company now holds 100% of BFDL, terminating the joint venture. BFDL's subsidiary, Bajaj Staffing Solutions Limited, is now an indirect wholly owned subsidiary of Bajaj Finserv.
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Bajaj Finserv Limited has completed the acquisition of the remaining 50% equity stake in Bajaj Financial Distributors Limited (BFDL) from Allianz SE. The transaction, finalized on January 16, 2026, involved the purchase of 12,00,000 equity shares of ₹10 each, for an aggregate consideration not exceeding ₹12.5 crore.
With this acquisition, Bajaj Finserv Limited now holds a 100% equity stake in BFDL. Consequently, the Joint Venture Agreement between Bajaj Finserv Limited and Allianz SE concerning BFDL has been terminated, effective January 16, 2026.
As a result of these changes, Bajaj Staffing Solutions Limited (formerly Bajaj Allianz Staffing Solutions Limited), a wholly-owned subsidiary of BFDL, has now become an indirect wholly-owned subsidiary of Bajaj Finserv Limited.
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