Bajaj Finserv soars on likely buyout of Allianz's stake in insurance arms

NEW DELHI: Shares of Bajaj FinservBSE -3.36 % ended 5 per cent higher on Monday after reports suggested that the company would likely buy out Germany's Allianz SE's stake in its life insurance firms. The deal, estimated at Rs 10,000 crore, will see Bajaj Finserve buying out Allianz's stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance.

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As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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