Bajaj Finserv shares rose following the Competition Commission of India's (CCI) approval of its stake acquisition, alongside Bajaj Holdings & Investments, in its Allianz insurance and distribution arms. This paves the way for consolidation within the Bajaj Financial Group.

• CCI greenlights Bajaj Finserv's acquisition.
• Stake acquisition includes Allianz companies.
• Positive market reaction to the approval.