New Delhi, Sept. 9 -- Jio Financial Services, in an exchange filing, announced that the execution of the joint venture agreement with Allianz Europe B.V.

The company, in partnership with Allianz, has established a joint venture named Allianz Jio Reinsurance Limited (AJRL) on September 8, 2025, to conduct reinsurance business in India, subject to regulatory approvals.

According to the exchange filing, the company will invest Rs.2.50 lakhs for the initial subscription of 25,000 equity shares with a face value of Rs.10 each, representing a 50 per cent stake.

"The Company and Allianz have incorporated a joint venture company named "Allianz Jio Reinsurance Limited" ("AJRL") on September 8, 2025, to carry on the business of reinsurance in In...