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Jio Financial Services Limited ( (IN:JIOFIN) ) has shared an announcement.
Jio Leasing Services Limited, a wholly owned subsidiary of Jio Financial Services, has increased its investment in Reliance International Leasing IFSC Private Limited, a 50:50 joint venture with Reliance Strategic Business Ventures. Jio Leasing subscribed to 63.94 crore rupees of 8.1% cumulative optionally convertible preference shares on a rights basis to support the joint venture’s business operations.
This latest subscription brings Jio Leasing’s aggregate investment in the leasing joint venture since the previous disclosure to 82.80 crore rupees, reinforcing Jio Financial’s push into international leasing activities via the IFSC platform. The transaction, categorized as a related-party deal, was executed on an arm’s-length basis, required no regulatory approvals, and signals continued capital backing for the venture’s growth without additional involvement from the parent company’s promoter group.
More about Jio Financial Services Limited
Jio Financial Services Limited operates in the financial services industry, providing lending and related financing solutions through its subsidiaries, including Jio Leasing Services Limited. The group focuses on structured financing, leasing, and other credit products that support both internal group ventures and external clients in India’s evolving financial ecosystem.
Average Trading Volume: 990,938
Technical Sentiment Signal: Sell
Current Market Cap: 1478.7B INR
See more data about JIOFIN stock on TipRanks’ Stock Analysis page.