Jio Finance and Allianz Europe invest ₹320 cr each in insurance venture
pre-market1 source ↓written by the desknot a recommendation
- in Jio Allianz
- ₹320.05 crore
- in the venture
- ₹375 crore
Jio Finance and Allianz Europe BV have each invested ₹320.05 crore in Jio Allianz General Insurance Ltd through a rights issue. The funds will support the joint venture's business operations. This investment brings Jio Finance's total contributions to ₹375 crore in the venture. 📈
Not investment advice. For informational purposes only.