New Delhi, Jan. 8 -- Sanjiv Bajaj-led Bajaj Finserv on Thursday, 8 January 2026, disclosed that the Bajaj Group has completed the acquisition of a stake in Allianz SE's two insurance joint ventures for a total of Rs.21,390 crore, according to an exchange filing.

In its BSE filing, the company disclosed that it has acquired a 23% stake in insurance subsidiaries, Bajaj Holdings & Investment Ltd and Jamnalal Sons Pvt. Ltd, from Allian SE for Rs.12,190 crore and Rs.9,200 crore respectively.

Bajaj Group's acquisition move increases the company's shareholding in both insurance companies to 97% from its earlier 74% levels. This also includes the 75.01% stake of the companies owned by Bajaj Finserv, as the companies end their partnership with G...