Mukesh Ambani warming up to Allianz for insurance amid Bajaj exit plans? Here’s what we know

Allianz is reportedly looking to exit its two existing joint ventures with Bajaj Finserv Ltd., marking the end of a partnership that has lasted more than two decades.

Jio Financial Services Ltd., led by Mukesh Ambani, is reportedly in talks with German insurance giant Allianz SE to explore a potential insurance partnership in India. Discussions are focused on establishing both general and life insurance companies in India, claimed a Bloomberg report. These talks are in early stages, and it is still unclear if the companies will proceed with the plan.

Source: bt Business Today