Jio Financial share price rises over 2% on reports of Allianz SE eyeing partnership with the firm

At 10:19 AM, Jio Financial shares were trading at ₹230.70, gaining 2.45% on the National Stock Exchange.

The report further stated that the Germany-based group is clear that it wants to be a minimum 50% partner in any new ventures and may even be open to a larger stake. It also wants to have a bigger say in management and operations.

A formal announcement on the Allianz-Jio venture will come once approvals from regulators—including the Competition Commission of India and the Insurance Regulatory and Development Authority of India—come through, the report further said.

Jio Financial will be joining the NIFTY50 index from March 28, 2025. Shares of the company have gained over 1.5% over the last five trading sessions.

Though the stock is down 33.6% for a six-month period, since September 19, 2024. Year-to-date, the scrip has lost 24.4%.

Its market capitalisation stands at ₹1.46 lakh crore. It had touched its 52-week low of ₹198.65 per share on March 3, 2025.

The Reliance arm's consolidated net profit remained flat at ₹295 crore in the latest third quarter, compared to ₹294 crore in the corresponding period last fiscal.

Total income stood at ₹449 crore in the reporting quarter, up from ₹414 crore in Q3 FY24. Total expenses increased to ₹131 crore against ₹99 crore in the year-ago period.

For the nine-month period of the financial year 2024-25, the company's net profit rose marginally to ₹1,296 crore compared to ₹1,294 crore a year back.

Jio Financial Services Ltd is involved in investment and financing, payment banking, insurance broking, payment gateway services and payment aggregation.

The Mumbai-based firm is a financial services company. Originally a subsidiary of Reliance Industries, it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023.