CCI has approved the proposed combination involving acquisition of acquisition of 26% paid-up equity share capital of Bajaj Allianz Life Insurance Company Limited (“BALIC”) and Bajaj Allianz General Insurance Company Limited(“BAGIC”) by Bajaj Finserv Limited (“BFS”), Bajaj Holdings & Investment Limited (“BHIL”) and Jamnalal Sons Private Limited (“JSPL”) from Allianz SE (“Allianz”). The proposed combination also involves acquisition of 50% paid-up equity share capital of Bajaj Allianz Financial Distributors Limited (“BAFDL”) by BFS from Allianz.

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