VERIFIEDET Finance·30 Sept 2026neutral

Jio Financial, Allianz pump Rs 640 crore into general insurance JV via rights issue

AI Summary

·Jio Financial Services and Allianz Europe B.V. invested Rs 320.05 crore each into Jio Allianz General Insurance via a rights issue.
·The joint venture received a total infusion of Rs 640.1 crore.
·Jio Financial's total investment in the venture now stands at Rs 375 crore.