Jio Financial Services Limited, through its wholly owned subsidiary Jio Leasing Services Limited (JLSL), has invested ₹63.94 crore in Reliance International Leasing IFSC Private Limited (RILIPL). The investment was made on March 25, 2026, by subscribing to 6,39,40,000, 8.1% Cumulative Optionally Convertible Preference Shares at a par value of ₹10 each.
RILIPL is a joint venture between JLSL and Reliance Strategic Business Ventures Limited, a subsidiary of Reliance Industries Limited, with each holding a 50% stake. The investment was executed on a rights issue basis to support the business operations of RILIPL. Since the previous disclosure on December 31, 2025, JLSL’s total investment in RILIPL has reached ₹82.80 crore.
The transaction is classified as a related party transaction for JLSL but is conducted on an arm’s length basis. Notably, none of the promoters, promoter group, or other group companies of Jio Financial Services have any stake in this investment.
No governmental or regulatory approvals were necessary for the completion of this investment. Jio Financial Services received official notification of this transaction from JLSL at 6.42 p.m. on the same day.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).