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Deal● Neutral for Jio Financial
Jio Financial Services, Allianz each invest ₹320 crore in Jio Allianz General Insurance
The brief
- Jio Financial Services and Allianz each invested ₹320 crore in Jio Allianz General Insurance
- Jio Financial shares ended at ₹216.60, down ₹1.30, or 0.60%, on the BSE
- The investment expands Jio Financial’s insurance presence; insurers and financial-services stocks may face competition