Jio Financial Services JV with Allianz Incorporated

Jio Financial Services incorporated Jio Allianz General Insurance Limited, a 50:50 joint venture with Allianz Europe B.V., on May 12, 2026.
The company invested ₹4.95 crores for 49.5 lakh equity shares of ₹10 face value to secure a 50% stake in the general insurance venture.
Incorporation followed receipt of a no objection certificate from IRDAI and the transaction is not a related party transaction.
The joint venture will conduct general insurance business, including health insurance, in India subject to regulatory approvals.