Why Bajaj Finserv shares slipped 2% in trade on March 18? Details

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Why Bajaj Finserv shares slipped 2% in trade on March 18? Details - Business Standard

Quick Summary:

The deal strengthens Bajaj Finserv's control, enhances strategic flexibility, and positions it for long-term growth in expanding insurance market, ICICI Securities said in a note.

Post the acquisition, Bajaj Group’s stake in the two insurance ventures will go up to 100 per cent from 74 per cent currently.

Bajaj Finserv continued to grow its emerging businesses, which include Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Finserv Asset Management and Bajaj Finserv Ventures.