Reported about 11 hours ago
Allianz, the German insurance giant, announced its decision to sell its 26% stake in two joint ventures with India's Bajaj Finserv to the Bajaj Group for approximately 2.6 billion euros ($2.84 billion). This sale marks the end of a long-standing partnership as Allianz looks to explore new opportunities in the Indian market, including potential collaborations with other companies like Reliance Group's Jio Financial Services.
Source: YAHOO