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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.
Jio Financial Services and Allianz Europe B.V. have each invested ₹320.05 crore in their 50:50 joint venture, Jio Allianz General Insurance Ltd. The investment was made through the subscription and allotment of equity shares.