Jio Financial Services Invests Rs. 4.95 Crore in Jio Allianz General Insurance
Jio Financial Services Limited announced a significant investment into Jio Allianz General Insurance Limited, confirming the initial subscription of equity shares on May 19, 2026. The company invested a total of Rs. 4.95 crore into the insurer.The investment details specify the subscription of 49,50,000 equity shares in Jio Allianz General Insurance Limited. Each share carries a face value of Rs. 10.
The key financial details of the subscription are as follows:
| Detail | Value |
|---|---|
| Investor | Jio Financial Services Limited |
| Investee Company | Jio Allianz General Insurance Limited |
| Date of Investment | May 19, 2026 |
| Total Amount Invested | Rs. 4.95 crore |
| Shares Subscribed | 49,50,000 equity shares |
| Face Value per Share | Rs. 10 |
JIOFIN Stock Price Movement
On Tuesday, Jio Financial Services Limited shares edged higher, closing at ₹233.28, up 0.20% on a gain of ₹0.46. The stock saw considerable trading activity, recording a total traded volume of 9.59 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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