Bajaj Finserv and Allianz terminate India JV
16/01/2026 13:40
Jan 16 (Reuters) - Bajaj Finserv BJFS.NS on Friday bought Germany's Allianz SE's ALVG.DE remaining 50% stake in Bajaj Financial Distributors (BFDL), ending their joint venture and taking full ownership of the business. Bajaj Finserv has been gradually unwinding its long-standing joint ventures with Allianz SE. ($1 = 90.7310 Indian rupees) (Reporting by Chandini Monnappa and Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala) ((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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