Jio Financial Services Limited (JFS) has announced an investment of ₹300 crore in its wholly-owned subsidiary, Jio Finance Platform and Service Limited (JFPSL). The company subscribed to and was allotted 30,00,00,000 equity shares of Rs. 10 each in JFPSL for cash at par. This capital infusion will be utilized by JFPSL to fund its business operations. Following this transaction, JFS's aggregate investment in JFPSL to date stands at ₹335 crore. The investment, made at 2:36 p.m. today, is a related party transaction conducted on an arm's length basis. No governmental or regulatory approvals are required for this transaction. None of the Company’s promoter, promoter group, or other group companies have any interest in this investment.
