Finance
Bajaj Finserv and Allianz terminate India JV
Published by Global Banking and Finance Review
Posted on January 16, 2026
Last updated: January 16, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 16, 2026
Last updated: January 16, 2026
Jan 16 (Reuters) - Bajaj Finserv on Friday bought Germany's Allianz SE's remaining 50% stake in Bajaj Financial Distributors (BFDL), ending their joint venture and taking full ownership of the business.
Bajaj Finserv has been gradually unwinding its long-standing joint ventures with Allianz SE.
($1 = 90.7310 Indian rupees)
(Reporting by Chandini Monnappa and Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.
An acquisition occurs when one company purchases most or all of another company's shares to gain control of that company, often to expand its operations or market reach.
Financial services encompass a broad range of economic services provided by the finance industry, including banking, investment, insurance, and asset management.
A stake in a company refers to ownership interest, typically represented by shares, that gives the holder a claim on the company's assets and earnings.
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