The Mukesh Ambani-led Reliance Group firm Jio Financial Services is in talks with Germany-based Allianz SE to set up an insurance partnership in India, Bloomberg News reported on Wednesday. Allianz and Jio are looking to set up a general insurance and a life insurance company in India,

Jio Financial Services‘ share price was upbeat on the bourses on Wednesday morning going up around 2% to hit an intraday high of ₹321.45. What Happened: The company is in preliminary discussions with German firm Allianz SE for a potential insurance partnership in India,

Jio Financial in talks with Allianz SE for insurance partnership in India, amid potential split with Bajaj Finserv.

The latest report suggests Ambani's Jio Financial Services and Allianz SE are in talks for a joint venture to establish a general insurance and life insurance company.

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering gen

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE, to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people familiar with the matter.

India's Bajaj Finserv said on Tuesday that Allianz SE is considering exiting its life and general insurance joint ventures with the Bajaj Group, potentially ending a decades-old partnership. "Allianz has indicated to Bajaj that given its strategic priorities,

Allianz SE is in talks to scrap two Indian joint ventures with Bajaj Finserv Ltd., in a dispute over the direction of the partnership, according to people familiar with the matter.

Allianz and Jio Financial Services are looking to establish a general insurance & life insurance company, ET NOW sources say.