Jio Leasing Services Ltd has subscribed to and has been allotted ₹63.94 crore 8.1% cumulative optionally convertible preference shares of face value ₹10 each in Reliance International Leasing IFSC Private Ltd on March 25, 2026, for cash at par on a rights issue basis, the company said in a regulatory filing.
Reliance International Leasing IFSC is a 50:50 joint venture between Jio Leasing Services Ltd and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Ltd. The investment has been made to fund the business operations of Reliance International Leasing IFSC Private Ltd.
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Jio Financial Services said the aggregate investment made by Jio Leasing Services Ltd in Reliance International Leasing IFSC Private Ltd since the last disclosure dated December 31, 2025, stands at ₹82.80 crore.
The company said the investment is a related party transaction of Jio Leasing Services Ltd and has been carried out on an arm’s length basis. It also stated that none of the company’s promoter, promoter group or other group companies have any interest in the investment. No governmental or regulatory approvals were required for the investment.
Shares of Jio Financial Services Ltd ended at ₹237.35, up by ₹4.60, or 1.98%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
