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Bajaj Finserv (BJFIN) confirmed Allianz Group's intent to exit its 23-year insurance joint ventures in India, a move speculated since 2016 due to regulatory issues. This exit is not expected to impact the operations of BALIC and BAGIC significantly. Should BJFIN acquire Allianz's stake, it may require a capital raise, influencing share price based on the transaction details.
Allianz Group
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Bajaj Finserv confirms Allianz's intent to exit Indian insurance joint ventures
08:06 23.10.2024
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