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Allianz, Jio Financial Reach Initial Deal for India Insurance Biz
Hindustan Times West UP
|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.
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 finalizing the ownership structure, said the people who asked not to be identified as the matter is confidential.
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FLERE HISTORIER FRA Hindustan Times West UP
Hindustan Times West UP
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