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Bajaj Finance Share Price NSE – Bajaj Finserv Limited (BFS) is a holding company for various financial services businesses under the Bajaj Group. It serves millions of clients in the financial services sector by providing life and health insurance and retirement and savings solutions, as well as asset acquisition solutions through general insurance, family security and asset protection financing through income protection.
BFS holds 55.13% in Bajaj Finance Limited (BFL) and 74% in Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC). Apart from financial services, BFS is also active in wind power generation and has invested in renewable energy in the form of 138 windmills located in Maharashtra with a total installed capacity of 65.2 MW. Bajaj Finance Limited (formerly known as Bajaj Auto Finance Limited) is a non-banking finance company engaged in the management of consumer finance, SME finance, commercial lending and wealth management.
BAGIC is a general insurance joint venture between BFS and Allianz SE Germany. The Aliens Group is one of the world’s leading insurers and asset managers with over 88 million retail and corporate clients. BFS holds 74% in BAGIC and Allianz SE holds 26% in BAGIC. Life Insurance is a joint venture of BALIC BFS and Allianz SE. BFS is 74% in BALIC and 26% in Allianz SE.
As a result of its separation from Bajaj Auto Limited, Bajaj Finserv was incorporated as a separate entity on April 30, 2007 to fully focus on the group’s financial services business. The demolition process was completed in February 2008.
He was involved in Bajaj Finserv Ltd with its respective assets and liabilities, shares of life and general insurance companies and consumer finance in the wind power project. In addition, cash and cash equivalent to Rs 800 crore (current market value) were also transferred to the company. Demerger enables investors to hold various focused stocks and also facilitates transparent benchmarking of companies to their peers in their respective industries.
On 20 April 2009, Bajaj Finserv and Allianz Global Investors AG (AllianzGI) signed an asset management subsidiary of Allianz SE. Established as an Asset Management Joint Venture Company in India. AllianzGI and Bajaj Finserv will be 51% and 49% state-owned respectively in the proposed venture. On 10 November 2009, Bajaj Finserv announced that the Reserve Bank of India had issued a certificate of registration to the company on 30 October 2009 under Section 45-IA of the Reserve Bank of India Act, 1934 to allow a non-banking financial business did.
(NBFC) to be retained for continuance of the institution. (don’t check). On 5 May 2010, Bajaj Finserv announced that Bajaj Auto Finance (BAFL) had launched its Construction Equipment (CE) financing and retail loans against securities (LAS) business in April 2010. Bajaj Finserv said in a statement to the stock exchange on 4 March 2011 that the company has no plans to sell its equity to Berkshire Hathaway Group companies now or in the near future. Berkshire Hathaway will enter the Indian insurance business as a corporate agent for Bajaj Allianz General Insurance Company Limited (BAGIC), a 74% subsidiary of Bajaj Finserv Limited.