Bajaj Finserv Incorporates Bajaj Reinsurance as a Wholly Owned Subsidiary
- Mergers & acquisitions
- Financial Services
Bajaj Finserv Limited has told the exchanges that it incorporated a wholly owned subsidiary, Bajaj Reinsurance Limited, on 17 Oct 2026 to carry on reinsurance business, subject to the necessary regulatory approvals. The certificate of incorporation came from the Ministry of Corporate Affairs by email at 12:37 IST on the same day.
The company says the step follows its intimation of 31 Jul 2026, when the board approved pursuing the reinsurance business through a new subsidiary. The Insurance Regulatory and Development Authority of India has given a no objection certificate for the incorporation. Bajaj Finserv subscribed for 10,00,000 equity shares of face value ₹10 each for cash of ₹1 crore, and holds 100% of the subsidiary.
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