Bajaj Finserv jumps as its arm collaborates with actyv.ai
Bajaj Finserv is currently trading at Rs. 1342.90, up by 23.75 points or 1.80% from its previous closing of Rs. 1319.15 on the BSE.
The scrip opened at Rs. 1324.95 and has touched a high and low of Rs. 1349.20 and Rs. 1322.65 respectively. So far 36792 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1846.00 on 13-Sep-2022 and a 52 week low of Rs. 1077.70 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1349.20 and Rs. 1306.90 respectively. The current market cap of the company is Rs. 214432.78 crore.
The promoters holding in the company stood at 60.78%, while Institutions and Non-Institutions held 14.13% and 25.09% respectively.
Bajaj Finserv’s insurance subsidiary -- Bajaj Allianz General Insurance Company has entered into a partnership with actyv.ai, the Singapore-headquartered enterprise SaaS platform with embedded B2B BNPL and insurance, a licensed corporate agency under IRDAI, to offer insurance products through their technology platform to enterprises and the partner ecosystem across the Supply chain.
Bajaj Allianz General Insurance, one of the leading private general insurers in India, with its strong focus on delivering superior value and customer centricity will leverage the technology stack of the actyv.ai platform by offering innovative insurance products to champion the sustainability of suppliers, distributors, and retailers. With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like Fire, Burglary, in addition to group health products like Personal Accident, Hospital Cash, Credit Linked Health Plan, and Group Health Plans.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.