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Jio Allianz General Insurance Secures ₹320.05 Crore Investment; Company & Allianz Acquire 32 Crore Shares.
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CNBC Awaaz•30-09-2026, 19:19
Jio Allianz General Insurance Secures ₹320.05 Crore Investment; Company & Allianz Acquire 32 Crore Shares.
- •The company invested ₹320.05 crore in Jio Allianz General Insurance Limited.
- •Jio Allianz General Insurance is a 50:50 joint venture between the company and Allianz Europe B.V.
- •Both companies subscribed to and were allotted 32,00,50,000 equity shares each under a rights issue.
- •Shares were purchased for cash at ₹10 per share, with a face value of ₹10 each.
- •This investment brings the company's total investment in Jio Allianz General Insurance to ₹375 crore.
Key Questions Answered
Both the company and Allianz Europe B.V. subscribed to and were allotted 32,00,50,000 equity shares each under a rights issue at a price of ₹10 per share, resulting in an investment of ₹320.05 crore each.
Following this investment of ₹320.05 crore, the company's total cumulative investment in Jio Allianz General Insurance has reached ₹375 crore.
No government or regulatory approval was required for this transaction, which was executed as a related party transaction on an Arm's Length Basis.
