News Corporate Actions Jio Financial Subsidiary Increases Investment to Rs 247.55 Crore in Reliance JVJio Financial Subsidiary Increases Investment to Rs 247.55 Crore in Reliance JV
Jio Financial Services Limited announced that its subsidiary JLSL has made an additional Rs 46 crore investment in Reliance International Leasing IFSC Private Limited, a joint venture with Reliance Industries. The investment was made through 4.6 crore preference shares at Rs 10 each, bringing the total cumulative investment to Rs 247.55 crore. The transaction was conducted on an arm's length basis with no regulatory approvals required.
*this image is generated using AI for illustrative purposes only.
Jio Financial Services Limited has announced another significant investment through its wholly-owned subsidiary, Jio Leasing Services Limited (JLSL), in its joint venture with Reliance Industries Limited. This latest investment further strengthens the company's commitment to expanding its presence in the financial services sector.
Latest Investment Details
JLSL has subscribed to and been allotted 4.60 crore preference shares in Reliance International Leasing IFSC Private Limited (RILIPL), a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited (RSBVL). The investment, made on a rights issue basis, is valued at Rs 46.00 crore.
| Investment Parameters | Details |
|---|---|
| Number of Shares | 4.60 crore |
| Share Type | 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) |
| Face Value | Rs 10.00 per share |
| Investment Amount | Rs 46.00 crore |
| Issue Basis | Rights issue |
Cumulative Investment Position
With this latest infusion, JLSL's total investment in RILIPL has reached Rs 247.55 crore, representing a substantial increase from the previous cumulative investment. The primary purpose of this investment remains to fund the business operations of RILIPL, indicating continued strategic commitment to strengthen the joint venture's financial position and operational capabilities.
| Investment Summary | Amount |
|---|---|
| Latest Investment | Rs 46.00 crore |
| Total Investment to Date | Rs 247.55 crore |
| Previous Cumulative Investment | Rs 166.55 crore |
Transaction Structure and Compliance
The investment has been classified as a related party transaction for JLSL but is conducted on an arm's length basis. Jio Financial Services Limited has clarified that none of its promoters, promoter group, or other group companies have any interest in this investment. The company received intimation about the investment from JLSL, demonstrating prompt internal communication and regulatory compliance.
Regulatory Framework
JFSL has confirmed that no governmental or regulatory approvals were required for this investment. The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.
This strategic move by Jio Financial Services Limited, through its subsidiary, highlights the company's ongoing efforts to solidify its position in the financial services landscape. The increased investment in the joint venture with Reliance demonstrates continued confidence in the partnership and potential for expanded operations in the leasing and financial services sector.
Historical Stock Returns for Jio Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.69% | -11.88% | -15.35% | -18.63% | -3.77% | +1.61% |
18
