Bajaj Finserv rises as its arm enters into strategic partnership with DBS Bank India
Bajaj Finserv is currently trading at Rs. 12490.10, up by 44.80 points or 0.36% from its previous closing of Rs. 12445.30 on the BSE.
The scrip opened at Rs. 12650.00 and has touched a high and low of Rs. 12650.00 and Rs. 12487.50 respectively. So far 6502 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 19319.95 on 19-Oct-2021 and a 52 week low of Rs. 10777.00 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 12650.00 and Rs. 11637.35 respectively. The current market cap of the company is Rs. 198764.26 crore.
The promoters holding in the company stood at 60.77%, while Institutions and Non-Institutions held 15.47% and 23.76% respectively.
Bajaj Finserv’s subsidiary company -- Bajaj Allianz Life Insurance has entered into strategic partnership with DBS Bank India to offer a wide array of life insurance solutions to the bank's 3M customers.
Through this partnership, Bajaj Allianz Life and DBS Bank aim to empower the customers to Live More and Bank Less by investing in life insurance products that best meet their life needs in a planned manner. New and existing customers across the 550+ branches of DBS Bank can now choose from Bajaj Allianz Life's retail products including term, savings, retirement, and investment products.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.