Jio Financial invests in Jio Allianz General Insurance through a ₹320.05 crore rights issue
As filed · Investment in Jio Allianz General Insurance Limited, joint venture between the Company and Allianz Europe B.V.
BusinessMinormateriality 48 out of 100
What happened
FactJio Financial Services and Allianz Europe B.V. each subscribed to and were allotted 32,00,50,000 equity shares of Jio Allianz General Insurance Limited at ₹10 per share in a rights issue. The filing states that the issue aggregates ₹320.05 crore, and Jio Financial’s cumulative investment in the joint venture has reached ₹375 crore.