Reports suggest that Allianz has been in discussions with Reliance Industries (RIL), which owns Jio Financial, for several months.
View More Allianz eyes Jio Financial for insurance after Bajaj exitAllianz
Bajaj Finserv acquires Allianz stake, gains full control of Bajaj Allianz insurance firms
Bajaj Finserv will also acquire Allianzโs 50% stake in Bajaj Allianz Financial Distributors for up to โน12.5 crore.
View More Bajaj Finserv acquires Allianz stake, gains full control of Bajaj Allianz insurance firms