Bajaj Finserv's Allianz SE considers exiting 22-year joint insurance ventures for strategic reasons.
Bajaj Finserv announced that Allianz SE is contemplating an exit from its 22-year joint ventures in life and general insurance with the Bajaj Group. Allianz, which owns a 26% stake, cites strategic priority shifts, partnership disputes, and limited control over decisions as reasons for the potential exit. The company is reportedly considering acquiring stakes in new Indian insurance firms instead.
October 22, 2024
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