Transaction between Bajaj Finserv’s unlisted arm and Allianz SE is related party, requires shareholder approval: Sebi
The reinsurance agreement between Bajaj Finserv’s unlisted entity Bajaj Allianz General Insurance Company (BAGIC) and Allianz SE qualifies as a related party transaction, market regulator Securities and Exchange Board of India (Sebi) has clarified in its letter to Bajaj Finserv on Friday. The capital market regulator has said that Bajaj Finserv is required to seek…