Bajaj Auto shares fall 13 percent in early deals

Newswire

MUMBAI, May 18 (Reuters) - Shares in India's Bajaj Auto Ltd. fell almost 13 percent in early deals on Friday, mainly on concerns about options for Germany's Allianz to lift its stake in two insurance joint ventures with the Indian firm. At 9:57 a.m. (0427GMT), shares in the company were down 12 percent at 2,200 rupees in a weak Mumbai market. They ended 6.7 percent down on Thursday.

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