Jio Financial Services Subsidiary Invests in Reliance International Leasing IFSC
Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of Jio Financial Services Limited, has made an additional investment in Reliance International Leasing IFSC Private Limited (RILIPL). The investment, totaling Rs. 63.94 crore, was made on March 25, 2026, through the subscription of 6,39,40,000 8.1% Cumulative Optionally Convertible Preference Shares with a face value of Rs.10 each.RILIPL is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, a wholly-owned subsidiary of Reliance Industries Limited. The funds will be used to support the business operations of RILIPL.
Since the previous disclosure on December 31, 2025, JLSL’s total investment in RILIPL amounts to Rs. 82.80 crore. The investment is considered a related party transaction and was executed on an arm's length basis. No promoters, promoter group entities, or other group companies of Jio Financial Services Limited have an interest in this transaction. Governmental or regulatory approvals were not required for the investment.
| Detail | Value |
|---|---|
| Shares Subscribed | 6,39,40,000 |
| Share Face Value (Rs.) | 10 |
| Investment Amount (Rs. crore) | 63.94 |
| Total Investment by JLSL (Rs. crore) | 82.80 |
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