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Allianz, Jio Financial Reach Initial JV Deal
Mint New Delhi
|March 21, 2025
Billionaire Mukesh Ambani's Jio Financial Services Ltd, has reached a preliminary agreement with Allianz SE to form an insurance business in India, according to people familiar with the matter.
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The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd. Both Jio and Allianz are in the process of finalising the ownership structure, said the people
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