Jio Leasing Services Limited (JLSL), a subsidiary of Jio Financial Services, has further invested ₹63.94 crore in Reliance International Leasing IFSC Private Limited (RILIPL) via a rights issue of preference shares. This follows a prior disclosure, bringing the aggregate investment by JLSL in RILIPL to ₹82.80 crore. The purpose of the new funding is to support the business operations of RILIPL, which is a 50:50 joint venture.
Subsidiary Makes Further Investment in Joint Venture Entity
Jio Financial Services Limited (JFSL) announced a new investment made by its wholly owned subsidiary, Jio Leasing Services Limited (JLSL), in Reliance International Leasing IFSC Private Limited (RILIPL). The transaction, disclosed on March 25, 2026, involved the subscription to 6,39,40,000, 8.1% Cumulative Optionally Convertible Preference Shares of RILIPL at a price of Rs.10/- each for cash at par.
Financial Details of the Transaction
The total cash outlay for this specific rights issue subscription amounted to Rs. 63.94 crore. This recent funding is designated to support the ongoing business operations of RILIPL. Furthermore, the company confirmed that the aggregate investment made by JLSL into RILIPL since the previous notification has now reached Rs. 82.80 crore.
JV Structure and Transaction Context
RILIPL is structured as a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, which is a subsidiary of Reliance Industries Limited. The transaction was confirmed by JLSL to be a related party transaction conducted on an arm’s length basis. No governmental or regulatory approvals were deemed necessary for this investment. The official intimation regarding the investment was received by JFSL today at 6:42 p.m.
Source: BSE
