Bajaj Finserv Limited has informed the Exchange regarding 'Intimation under Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)'.
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Bajaj Finserv has received approval from the Competition Commission of India (CCI) on 20 May 2025 for acquiring the stake held by Allianz SE in its insurance subsidiaries (Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance), along with promoter and promoter group companies. This follows the Board's earlier decision announced on 17 March 2025 to buy out Allianz's stake in the two insurance joint ventures. The transaction still requires approval from the Insurance Regulatory and Development Authority of India (IRDAI) and compliance with other customary conditions before it can be completed.
The CCI clearance removes one of the key regulatory hurdles for the proposed buyout of Allianz's stake, moving the transaction closer to completion. However, IRDAI approval is still pending, so the deal is not yet final. Shareholders should view this as a positive step but await the next regulatory milestone.