17-Oct-2026 16:52:20
BAJAJFINSVGeneral news
BAJAJFINSV : INCORPORATES WHOLLY OWNED REINSURANCE SUBSIDIARY FOR RS 1 CR
• Incorporated Bajaj Reinsurance Limited as a wholly owned subsidiary effective 17 October 2026 • To carry on reinsurance business, subject to necessary regulatory approvals • Subscribed to 10,00,000 equity shares of face value ₹10 each, totaling ₹1 Cr, on cash consideration • BFS holds 100% of the equity shareholding; IRDAI no-objection obtained for incorporation • Certificate of Incorporation received from Ministry of Corporate Affairs on 17 October 2026 at 12:37 IST
Bajaj Finserv Ltd
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