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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..