IRDAI Regulations will Require Bajaj Finserv to Divide the Allianz Share Transaction
The agreement calls for Bajaj Finserv to purchase around 1.01% of each business, Bajaj Holdings and Investment Ltd. to provide 19.95%, and Jamnalal Sons Pvt. Ltd. to 5.04%, for a total of 26% of both companies. Bajaj Finserv Ltd stated that it would purchase Allianz’s entire 26% ownership in its joint insurance ventures, Bajaj Allianz…