Jio Financial to invest ₹4.95 crore for 50% stake in Jio Allianz General Insurance JV

Jio Financial Services Limited will invest ₹4.95 crore towards the initial subscription of 49,50,000 equity shares of face value ₹10 each. Shares of Jio Financial Services ended 0.5% in the green on Wednesday, May 13. The stock has fallen over 21% in the year so far.