Bajaj Holdings & Investment Limited (BHIL) has acquired 1,93,56,005 equity shares of ₹10 each in Bajaj General Insurance Limited at ₹4,808.24 per share and 2,64,64,600 equity shares of ₹10 each in Bajaj Life Insurance Limited at ₹2,654.12 per share. This acquisition represents a 17.56% equity stake in each of these insurance companies. Furthermore, its associate company, Bajaj Finserv Ltd., acquired 11,13,295 equity shares in Bajaj General and 15,22,161 equity shares in Bajaj Life, each at the same respective prices, representing a 1.01% equity stake in each. The Promoter Group Company, Jamnalal Sons Pvt. Ltd., also acquired 48,83,068 equity shares in Bajaj General and 66,76,409 equity shares in Bajaj Life, at the same respective prices, representing a 4.43% equity stake in each. Collectively, BHIL, Bajaj Finserv Ltd., and the Promoter Group Company now hold a 97% equity stake in both Bajaj General and Bajaj Life. The remaining 3% equity stake held by Allianz SE in each company is proposed to be acquired through a buyback offer by the respective insurance companies, expected to be completed by 31 July 2026. If the buyback is not fully proceeded with, BHIL and the Promoter Group Company can acquire the remaining stake as per the agreement.
