DK Business Network
Shardul Amarchand Mangaldas & Co. (SAM) has successfully secured approval from the Competition Commission of India (CCI) for Bajaj Group’s acquisition of its joint venture partner, Allianz, in their insurance business. The acquisition marks a major strategic shift in India’s insurance landscape, enabling Bajaj Group to gain full control over the JV and drive independent decision-making in a rapidly evolving market. The move aligns with Bajaj’s long-term vision to deepen its footprint in both life and general insurance segments.
SAM is advising Bajaj on the full transaction lifecycle, including regulatory compliance, structuring, and documentation. The advisory team is led by partners Harman Singh Sandhu and Aman Singh Sethi, renowned for their expertise in competition law and cross-border M&A, respectively.
The transaction comes amid a broader wave of consolidation in the Indian insurance sector, as domestic players seek greater autonomy and international partners reassess global priorities. With this acquisition, Bajaj is expected to scale product innovation and digital expansion independently.
This deal reinforces SAM’s position as a go-to advisor for complex, high-value transactions in the financial services space.
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