Bajaj Finserv Ltd - BAJAJ FINSERV Share Price

Summary

Bajaj Finserv Limited (BFS) is the holding company for the various financial services businesses under the Bajaj Group. It serves millions of customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general insurance, family protection and income protection in the form of life and health insurance and retirement and savings solutions. BFS holds 52.49% stake in Bajaj Finance Limited (BFL) and 74% stake each in Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz Life Insurance Company Limited (BALIC). Apart from financial services, BFS is also active in wind energy generation and has investments in renewable energy in the form of 138 windmills, situated in Maharashtra, with an aggregate installed capacity of 65.2 MW. Bajaj Finserv was formed in April 30, 2007 as a result of its demerger from Bajaj Auto Limited as a separate entity to focus purely on the financial services business of the group. The process of demerger was completed in February 2008. The wind power project, the stakes in the life and general insurance companies and consumer finance along with their respective assets and liabilities got vested in Bajaj Finserv Limited. In addition to that, cash and cash equivalent of Rs 800 crore (then market value) was also transferred to the company. The demerger has enabled investors to hold separate focused stocks and also facilitated transparent benchmarking of the companies to... Read More