Jio Financial Services Invests ₹147.45 Crores in Allianz Jio Reinsurance Limited
Jio Financial Services has made a strategic investment of ₹147.45 crores in Allianz Jio Reinsurance Limited by acquiring 14.74 crore equity shares at par value. The transaction, disclosed under SEBI regulations, brings the company's total investment in the joint venture to ₹150 crores and supports its expansion into the reinsurance sector.