Bajaj Finserve, Rahul Bajaj's new firm, will be listed on the bourses on Monday (May 26, 2008). Bajaj Finserve comprises of financial services and wind farm businesses of Bajaj Auto and has a significant presence in insurance, consumer finance and distribution space.
Apart for this, it has been learnt that Bajaj Finserve is mulling an entry into the mutual fund business, for which Bajaj group is in talks with Allianz group.
In the proposed asset management company (AMC) venture, the Allianz group will pick up a majority 51 per cent stake while three unnamed banks will pick up to 3 percent stake each. The balance 40 percent stake will be held by Bajaj Finserve.
Apart for this, it has been learnt that Bajaj Finserve is mulling an entry into the mutual fund business, for which Bajaj group is in talks with Allianz group.
In the proposed asset management company (AMC) venture, the Allianz group will pick up a majority 51 per cent stake while three unnamed banks will pick up to 3 percent stake each. The balance 40 percent stake will be held by Bajaj Finserve.
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