Jio Financial Services Invests Rs. 147.45 Crore in Joint Venture Allianz Jio Reinsurance Limited

Jio Financial Services Ltd. has invested Rs. 147.45 crore in Allianz Jio Reinsurance Limited (AJRL), a joint venture, by subscribing to 14,74,50,000 equity shares of Rs. 10/- each at par. This investment, which is a related party transaction, was made to fund AJRL's business operations. The total investment by the Company in AJRL now stands at Rs. 150 crore. The investment was made at 2.13 p.m. today, and no governmental or regulatory approval was required for the transaction. None of the Company’s promoter / promoter group / other group companies have any interest in the above investment.