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Jio Financial and Allianz invest Rs 640 crore in general insurance joint venture
The Economic Times reports that Jio Financial Services and Allianz Europe B.V. each invested Rs 320.05 crore through a rights issue in their 50:50 general insurance joint venture.
TLDR
The Economic Times reports that Jio Financial Services and Allianz Europe B.V. invested a combined Rs 640.1 crore in Jio Allianz General Insurance through a rights issue. Each contributed Rs 320.05 crore, and the insurer will use the funds for business operations.
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