Jio Financial Services Invests ₹46 Crore in Subsidiary's Joint Venture
Jio Financial Services Limited (JFSL) has announced an investment of ₹46 crore through its wholly-owned subsidiary, Jio Leasing Services Limited (JLSL). JLSL subscribed to and was allotted 4,60,00,000...
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Why is Jio Financial Services Limited in the news today?
Jio Financial Services Limited (JIOFIN) is in the news due to the investment is a routine operational funding activity for a joint venture and is conducted on an arm's length basis. it does not represent a significant strategic shift or immediate financial gain/loss that would warrant a positive or negative sentiment.
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Jio Financial Services Invests ₹46 Crore in Subsidiary's Joint Venture
December 31, 2025, 12:45 PM
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Jio Financial Services Limited (JFSL) has announced an investment of ₹46 crore through its wholly-owned subsidiary, Jio Leasing Services Limited (JLSL). JLSL subscribed to and was allotted 4,60,00,000 Optionally Convertible Preference Shares (OCPS) of ₹10 each in Reliance International Leasing IFSC Private Limited (RILIPL), a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited. This investment, made on a rights issue basis for cash at par, is intended to fund the business operations of RILIPL.
The total aggregate investment made by JLSL in RILIPL to date now stands at ₹247.55 crore. The company has stated that this transaction is a related party transaction for JLSL and has been conducted on an arm's length basis. None of JFSL's promoters, promoter group, or other group companies have any interest in this investment. No governmental or regulatory approvals were required for this transaction. JFSL received this intimation from JLSL on December 31, 2025, at 4:24 p.m.
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