Announced Wed, 30 Sept, 2026 · 18:12 IST
Investment in Jio Allianz General Insurance joint venture with Allianz
JIOFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹216.88
prior close
₹216.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.5-0.3-0.8-2.3+0.1-0.2-2.7——————
Up moveDown movePending
AI summary
Jio Financial Services and Allianz Europe B.V. each subscribed to 3,20,05,000 equity shares of Rs. 10 each in Jio Allianz General Insurance, their 50:50 joint venture, for Rs. 320.05 crore at par on a rights issue basis. The company's total investment in the JV now stands at Rs. 375 crore. Funds will be used for the JV's business operations. No regulatory approval required.
Likely market impact
Capital infusion strengthens the insurance JV with global partner Allianz, supporting business growth and expansion of joint operations.