Bajaj Finance Limited's shares jumped around 5% on Friday, March 21, 2025, hitting a fresh record high of ₹9,089 apiece on the National Stock Exchange (NSE). The rally followed the company's announcement that Rajeev Jain will be re-designated as vice chairman for three years, effective April 1, 2025. Anup Kumar Saha, the current Deputy Managing Director, will take over as Managing Director (MD), serving until March 31, 2028. This leadership transition has sparked strong investor confidence, making it an interesting time for share market investment in the financial sector.
Analysts had earlier predicted that Jain's continued association with Bajaj Finance would be viewed positively by investors, potentially fuelling a stock rally. Given Bajaj Finance's strong performance in recent years, many investors are exploring share market investment opportunities in the company.
Bajaj Finserv expands insurance stake
In another major development, Bajaj Finserv Limited, the parent company of Bajaj Finance, has signed a share purchase agreement to acquire Allianz SE's 26% stake in Bajaj Allianz General Insurance Limited and Bajaj Allianz Life Insurance Company Limited.
This acquisition will increase Bajaj Group's ownership in both companies to 100%. The move marks the end of a 24-year partnership with Allianz SE and strengthens Bajaj Finserv's control over its insurance businesses. Investors keen on share market investment in diversified financial services firms are closely watching this development.
Summing up
Bajaj Finance shares surged nearly 5%, hitting a record ₹9,089 after Rajeev Jain was appointed vice chairman. The company's parent, Bajaj Finserv, is also strengthening its insurance business by acquiring Allianz SE's stake. With a 33% annual gain, Bajaj Finance remains a strong contender for share market investment, especially amid leadership stability and strategic expansion.
As of 11:30 AM on March 21, 2025, Bajaj Finance shares were trading at ₹8,895.05 apiece on the NSE.
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