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Merger & Restructuring

Jio Financial Services Merger & Restructuring

Jio Financial Services Limited has entered a binding 50:50 joint venture agreement with Allianz Europe B.V. to establish a general insurance business in India. This partnership combines JFSL’s digital reach with Allianz's global expertise to offer general and health insurance. Operations will commence following regulatory approvals, with further plans for a life insurance joint venture.

Source

BSE filing, NSE: JIOFIN. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Jio Financial Services Ltd: key numbers

Share price
₹205.15
Market cap
₹1,35,463 Cr
Revenue (annual)
₹3,513 Cr
Net profit (annual)
₹1,561 Cr
P/E (TTM)
79.1×Sector 19.7×
Promoter holding
49.13%+0.00% QoQ
FII holding
10.65%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals