Transaction between Bajaj Finserv's unlisted arm and Allianz SE is related party, requires shareholder approval: Sebi

Sebi clarified that reinsurance agreement between Bajaj Finserv's unlisted entity BAGIC and Allianz SE qualifies as a related party transaction. Bajaj Finserv is required to seek shareholder approval and make disclosures under Sebi LODR regulations.