Jio Financial Services Limited (JIOFIN) has subscribed to and been allotted 5,00,00,000, 8.1% Optionally Convertible Preference shares of ₹10 each in its wholly owned subsidiary, Jio Leasing Services Limited (JLSL). The total investment amounts to ₹50 crore, made in cash at par. JLSL will utilize these funds to support its business operations. Following this transaction, JIOFIN's aggregate investment in JLSL to date stands at ₹120.05 crore. The company stated that this investment is a related party transaction conducted on an arm's length basis. None of the company's promoter, promoter group, or other group companies have any interest in this investment. No governmental or regulatory approval is required for this transaction. The investment was made by the company today at 10:56 a.m.