Allianz completes sale of 23% stake in Bajaj Insurance

The Allianz Group has completed the sale of its 23% stake in each of its Indian joint ventures, Bajaj General Insurance and Bajaj Life Insurance, in a transaction valued at 2.1 billion EUR (2.5 billion USD).

The German insurer expects to finalize the sale of the remaining 3% stake in both entities by the second quarter of 2026.

In March 2025, Allianz signed an agreement with holding company Bajaj Finserv to sell its full 26% stake in each of the two joint ventures, formerly known as Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.