Jio Financial Services Limited has officially announced its foray into the reinsurance space through a joint venture with Allianz Europe B.V. The new company, Allianz Jio Reinsurance Limited (AJRL), was incorporated on September 8, 2025, following regulatory clearances from the Insurance Regulatory and Development Authority of India (IRDAI).
As per the agreement signed on July 18, 2025, both Jio Financial and Allianz hold an equal stake in the venture. Jio Financial has invested ₹2,50,000 to subscribe for 25,000 equity shares at a face value of ₹10 each, ensuring a balanced 50:50 ownership between the partners.
Regulatory Compliance and Incorporation
The Ministry of Corporate Affairs issued the Certificate of Incorporation for AJRL on September 8, 2025, at 1:31 p.m. via email. Importantly, the formation does not involve any related party transactions, and no promoter group of Jio Financial has a direct interest in this venture.
The company is now set to proceed with operational groundwork, subject to further approvals, as it aims to capture opportunities in India’s growing insurance ecosystem.
Jio Financial Share Price Movement
On September 9, 2025, Jio Financial Services’ stock opened at ₹311.10 on NSE, touching a day high of ₹312.35 and a low of ₹309.45. By 12:12 PM, it was trading at ₹309.65, reflecting a minor dip of -0.47%.
In terms of performance, the stock has declined by 1.29% in the past week and 3.43% in the past month, while showing a modest 1.93% gain over the last three months.
