CCI Approves Bajaj Finserv’s Acquisition of Bajaj Allianz Firms

23 May 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed acquisition of Bajaj Allianz Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, and Bajaj Allianz Financial Distributors Limited by Bajaj Finserv Limited, Bajaj Holdings and Investment Limited, and Jamnalal Sons Private Limited.

The combination involves acquiring 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance and General Insurance companies by Bajaj Finserv Limited (BFS), Bajaj Holdings and Investment Limited (BHIL), and Jamnalal Sons Private Limited (JSPL) from Allianz SE. BFS will also acquire 50 per cent equity share capital of Bajaj Allianz Financial Distributors Limited (BAFDL) from Allianz.

BFS is a listed public limited company engaged in financial services including consumer and SME finance, housing finance, insurance, broking, mutual funds, and venture investing. BHIL is a holding and investment company registered as a non-banking financial company. JSPL is an unregistered core investment company.

Bajaj Allianz Life Insurance and General Insurance companies are joint ventures between BFS and Allianz, with BFS holding 74 per cent equity in both. BAFDL is a 50:50 joint venture registered as a corporate agent for life and general insurance.

The detailed order of the Commission will follow.

Source: Press Information Bureau, Competition Commission of India

Infrastructure Energy

17 Sep 2025

India Pushes Green Hydrogen Innovation to Lead Global Market

India’s drive towards achieving Net Zero by 2070 has gained fresh momentum as Union Minister of State for New and Renewable Energy, Shripad Yesso Naik, called on scientists, startups, researchers, and industry leaders to position India as a global hub for green hydrogen innovation.He was speaking at the valedictory session of the first Green Hydrogen R&D Conference, organised under the National Green Hydrogen Mission by the Ministry of New and Renewable Energy (MNRE). The two-day event brought together experts to chart India’s course towards a clean, secure, and self-reliant energy fut..

NARCL Sells Rs 37.63 Billion of Wind World Debt to Omkara ARC

The National Asset Reconstruction Company Limited (NARCL) has successfully sold Rs 37.63 billion of Wind World’s outstanding debt, marking a significant step in managing stressed assets within India’s renewable energy sector. The transaction forms part of wider efforts to resolve non-performing loans and bolster financial stability in the industry.Omkara ARC emerged as the anchor bidder in the deal, demonstrating strong investor interest in renewable energy debt. Anchor bidders play a vital role in ensuring successful debt resolution and attracting participation from other investors in suc..

Madhya Pradesh Targets 50 Per Cent Power From Renewable Sources

Madhya Pradesh is ramping up its green energy generation, aiming for renewable sources to account for 50 per cent of the state’s total power consumption, a senior official has announced.“Renewable energy cannot be ignored. Solar power is now a viable option, and we are committed to significantly enhancing green energy generation in Madhya Pradesh, targeting 50 per cent of total power consumption from renewable sources,” said Manu Srivastava, Additional Chief Secretary of Madhya Pradesh Urja Vikas Nigam, on Friday.Speaking at the inaugural session of the 8th GRIHA Regional Conclave in Bho..