Bajaj Finserv Restricted on Monday, March 17, introduced that the corporate will purchase out Allianz’s 26 per cent stake in Bajaj Allianz Life & Bajaj Allianz Normal Insurance coverage to imagine full possession of the agency, in accordance with an trade submitting.
In line with the submitting information, Bajaj Finance can be buying 11,13,295 or 11.13 lakh fairness shares with a face worth of ₹10 per share in Bajaj Allianz Normal Insurance coverage Firm (BAGIC) at a value of ₹4,808.24 apiece.
The corporate additionally added that the acquisition of the Bajaj Allianz Life Insurance coverage Firm (BALIC) enterprise can be for 15,22,161 or 15.22 lakh fairness shares with a face worth of ₹10 per share at a value of ₹2,654.12 apiece, as per the announcement.
(This can be a breaking story. The story can be up to date quickly)
