Jio Financial Services Limited announced a significant capital infusion into its wholly owned non-banking subsidiary, Jio Credit Limited (JCL). The company subscribed to and was allotted 3,35,71,923 equity shares at a premium, totaling an investment of ₹1,999.88 crore. This move, executed on February 26, 2026, is intended to provide JCL with the necessary capital to fund its expanding business operations. The transaction was confirmed to be at arm’s length.
Capital Infusion into Subsidiary
Jio Financial Services Limited has formalized a major investment into its wholly owned subsidiary, Jio Credit Limited (JCL), which operates as a non-banking financial company. The disclosure confirms that the company has subscribed to and been allotted 3,35,71,923 equity shares of JCL, each with a face value of Rs. 10/-.
Transaction Details and Premium
The subscription price included a substantial premium. The shares were allotted at a premium of Rs. 585.70 per equity share. This entire subscription aggregates to a total investment value of Rs. 1,999.88 crore. This significant capital injection is earmarked for JCL to utilize in funding its ongoing and future business operations.
Timeline and Compliance
The investment transaction was completed by the Company today, February 26, 2026, at 11:30 a.m. The announcement further clarifies that this investment is considered a related party transaction but was conducted on an arm’s length basis. Furthermore, the company stated that no governmental or regulatory approval was necessitated for this specific transaction.
No Promoter Interest
It was explicitly noted that none of the Company’s promoter, promoter group, or other group companies hold any interest in this specific investment in JCL.
Source: BSE
