StartupsInc42about 2 hours ago
Jio, Allianz Inject ₹640 Cr Into Insurance JV
4 min read
Jio Financial Services and Allianz each invested ₹320.05 Cr in Jio Allianz General Insurance through a rights issue, subscribing 32 lakh shares apiece. The 50:50 joint venture, launched May 12, 2026, will use the ₹640.1 Cr to fund general insurance operations in India. JFS's cumulative investment in the JV now stands at ₹375 Cr.
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