Bajaj Finserv and other promoter entities have agreed to acquire Allianz’s 26% stake in their two joint ventures (JVs) – Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life ...

Bajaj Group—controlled by the Bajaj family, among India's wealthiest clans—agreed to buy out Allianz’ Group's 26% stakes in their Indian insurance joint ventures for $2.8 billion.