Jio Finance has invested in its wholly owned subsidiary, Jio Leasing Services Limited (JLSL), by subscribing to 5,00,00,000, 8.1% Optionally Convertible Preference shares at Rs. 10/- each. The total investment amounts to Rs. 50 crore. JLSL will use the funds for its business operations. The aggregate investment in JLSL till date is Rs.120.05 crore.
Investment in Subsidiary
Jio Finance has announced an investment in its wholly owned subsidiary, Jio Leasing Services Limited (“JLSL”). The company subscribed to 5,00,00,000, 8.1% Optionally Convertible Preference shares of Rs. 10/- each.
Investment Details
The total investment amounts to Rs. 50 crore. JLSL will utilize the funds to support its business operations. As of December 23, 2025, the aggregate investment by Jio Finance in JLSL totals Rs.120.05 crore.
Related Party Transaction
This investment qualifies as a related party transaction and is conducted on an arm’s length basis. The announcement confirms that none of the company’s promoters or other group companies have any interest in the investment.
Transaction Approval
No governmental or regulatory approval is required for this transaction.
Source: BSE