Allianz seeks to exit its insurance joint ventures with Bajaj

In a significant shift, Allianz plans to exit its joint ventures with Bajaj Finserv in life and non-life insurance after a two-decade-long collaboration. Holding a 26% stake, the German insurer seeks new opportunities in India’s market. In the event of a departure, options include buyout by Bajaj or divestment through an IPO.