Jio Financial Services (JIOFIN) — Related Party Transaction

Jio Financial Services Limited incorporated joint venture company Allianz Jio Reinsurance Limited (AJRL) on September 8, 2025, with Allianz Europe B.V. for domestic reinsurance operations. JIOFIN will invest ₹2.50 lakhs for 50% stake (25,000 equity shares at ₹10 face value). The company clarified this transaction does NOT constitute a related party transaction, as promoters/group companies have no interest. IRDA approval was obtained prior to incorporation.

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About Jio Financial Services Limited (JIOFIN)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,53,892.82 Cr P/E: 92.1

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