Allianz seeks to exit its insurance joint ventures with Bajaj

Quick Summary:

In a significant shift, Allianz plans to exit its joint ventures with Bajaj Finserv in life and non-life insurance after a two-decade-long collaboration.

Holding a 26% stake, the German insurer seeks new opportunities in India's market.

In the event of a departure, options include buyout by Bajaj or divestment through an IPO.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaCanada

Topics: Business news Foreign partner Stake sale Insurance Allianz Bajaj Finserv Bajaj Allianz Joint ventures

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 08:37:29 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23211554

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