Jio Financial Shares In Focus Amid Reports Of Initial Deal With Allianz For India Insurance Business
Jio Financial Services, which operates under the Reliance Group, made a preliminary business deal with German insurance leader Allianz SE to create an insurance organization in India. The business expansion came shortly after Allianz chose to sell its 26% stake in Bajaj Finserv joint ventures worth approximately €2.6 billion. Jio Financial Services together with Allianz…