7 months ago
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Bajaj Finserv announced connected Wednesday (October 8, 2025) a rebranding of its security businesses arsenic Bajaj General Insurance and Bajaj Life Insurance with contiguous effect.
The alteration comes successful the backdrop of the stock acquisition statement Bajaj Group signed earlier this twelvemonth to get Allianz SE’s 26% involvement successful the wide and beingness security associated ventures, taking the Group’s ownership to 100% from the existent 74%.
The Bajaj Group has received each requisite regulatory approvals, including approvals from the Registrar of Companies, Competition Commission of India and the Insurance Regulatory and Development Authority of India (IRDAI). The acquisition of shares, successful accordance with the SPA, is expected to beryllium completed successful coming months, making some security entities wholly owned, the institution said.
For 24 years, we financially protected the aspirations of millions. Today, Bajaj Life Insurance & Bajaj General Insurance measurement into a bold caller era. A caller name. A renewed purpose. 100% Bajaj. Committed to marque security accessible & inclusive. Made successful India, for India, by India. pic.twitter.com/Oyh1wzEQWe
— Sanjiv Bajaj (@sanjivrbajaj) October 8, 2025“The rebranding goes beyond a specified alteration of name. This is simply a defining infinitesimal successful the strategical translation of some our security businesses,” Bajaj Finserv CMD Sanjiv Bajaj said.
The associated task agreements betwixt the Bajaj Group and Allianz SE, successful respect of security businesses, volition basal terminated upon completion of the archetypal archetypal tranche of acquisition of astatine slightest 6.1% and reclassification of Allianz from being a promoter to investor, the institution said successful a release.
