BAJAJ FINSERV says that Allianz has informed about the strategic plan. Allianz has informed about the exit. Let us tell you that Bajaj Group has a 74% stake in this insurance JV. At the same time, Allianz has a 26% stake in the JV. At the same time, according to the news agency Bloomberg, Allianz SE is in talks to end two deals with Bajaj Finserv Limited due to a dispute over the direction of the partnership.

Bajaj Finserv shares fall-  On Tuesday, the stock opened at Rs 1,758.55 against the closing price of Rs 1,758.40. After this, the stock has fallen below Rs 1,730.

What has happened so far? According to Bloomberg news- Allianz has planned to exit Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company.
Because its Indian partner is not allowing the German insurance company to increase its stake at a discounted price.

At the same time, BAJAJ FINSERV says that - Allianz has indicated to exit the JV. Bajaj Group has a 74% stake in the JV. On the other hand, Allianz has a 26% stake in the JV. But no proposal has come before the board yet. The talks are still in the initial stage.

According to the information given on the website of Bajaj Allianz General Insurance Company Limited - Bajaj Allianz General Insurance Company Limited was started on 2 May 2001. It is a joint venture between the world's largest insurance company Allianz SE and Bajaj Finserv Limited. The company received a registration certificate from IRDA on 2 May 2001 for general insurance business in India.