Jio Finance, Allianz Europe invest Rs 320 cr each in JV Jio Allianz General Insurance
Jio Finance and Allianz Europe B.V. recently made a substantial investment of Rs 320.05 crore into Jio Allianz General Insurance Limited. This infusion of capital was executed through a rights issue aimed at bolstering the company’s operational capacity. The investment underscores the commitment both companies have to their joint venture. Additionally, Jio Financial Services confirmed that this transaction is classified as a related party transaction.
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