Jio Financial, Allianz pump ₹640 cr into insurance bet
Jio Financial Services and Allianz Europe B.V. have jointly invested Rs 640.1 crore in Jio Allianz General Insurance Ltd through a rights issue, according to a regulatory filing. The 50:50 joint venture raised the total funds from the investment. Both companies invested Rs 320.05 crore each, with the funds used to finance the insurance joint venture's operations.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
