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Jio Financial Services and Allianz Europe B.V. have each invested Rs 320.05 crore in Jio Allianz General Insurance via a rights issue. The funds will support the company's business operations.
Jio Finance and Allianz Europe BV have invested ₹320.05 crore each in Jio Allianz General Insurance Ltd via rights issue. Jio Financial Services announced the investment on Wednesday, stating that Jio Allianz General Insurance Ltd is a 50:50 joint venture.