Trading in Bajaj Finserv shares was frozen at the upper end of the 20% intra-day circuit filter for want of sellers. Investors are betting that the company will benefit from Warren Buffet-owned Berkshire Hathaway’s tie-up with Bajaj Alliaz General Insurance—a subsidiary of Bajaj Finserv--for selling insurance products in India.
Billionaire investor Warren Buffett will soon have a foothold in India. Buffett's Berkshire Hathaway says it plans to enter the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.
Buffett's Berkshire Hathaway will release its letter about the previous year at 8 am EST (1300 GMT) on Saturday, just as it has done in most years past. That will give investors the whole weekend to digest the 20 or so pages of detail from the 80-year-old "Oracle of Omaha."