Deals & funding1 Oct 2026 · Wed
JIOFINJio Financial Services
Jio Financial and Allianz each put ₹320 crore into their general insurance venture
Jio Financial Services and Allianz Europe each subscribed to 32 crore shares of Jio Allianz General Insurance in a rights issue, about ₹320 crore each.
Price, Thursday's close₹212.50▼ 2.02%
Last 5 days
52-week low ₹208.5052-week high ₹316.85
- Sector
- Financial services
What happened
- Jio Financial Services and Allianz Europe each subscribed to 32 crore equity shares in Jio Allianz General Insurance, the general insurance venture they hold together.
- Each put in about ₹320 crore through a rights issue: HDFC Sky gives ₹320.05 crore, and Business Upturn says ₹320 crore.
- Jio Financial shares closed at ₹212.50, down 2.02%.
Why it matters
Good to know: In a rights issue, existing shareholders are offered new shares in proportion to what they already hold.
Key facts
- Venture
- Jio Allianz General Insurance
- Shares each
- 32 crore
- Amount each
- About ₹320 crore
Read the source
This is a summary of public news about Jio Financial Services, for information only. It is not a recommendation to buy, sell or hold JIOFIN.
Jio Financial Services in the news before
- 16 OCT 2026 · RESULTSJio Financial's Q2 profit falls to ₹340 crore from ₹695 crore on revenue of ₹1,699 crore