Jio Financial’s Subsidiary Invests in Reliance International Leasing
Filing Summary
On November 14, 2025, Jio Leasing Services Limited, a wholly owned subsidiary of Jio Financial Services Ltd, invested in Reliance International Leasing IFSC Private Limited. The investment involved subscribing to 4,50,00,000, 8.1% Cumulative Optionally Convertible Preference Shares at Rs.10 each, totaling Rs. 45 crore. This transaction, conducted on a rights issue basis, increases Jio Leasing’s total investment in the joint venture to Rs. 166.55 crore. The investment is a related party transaction on an arm’s length basis, requiring no regulatory approvals.
On November 14, 2025, Jio Leasing Services Limited (JLSL), a wholly owned subsidiary of Jio Financial Services Ltd, subscribed to 4,50,00,000, 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) of Rs.10 each in Reliance International Leasing IFSC Private Limited (RILIPL). This investment was made for cash at par, aggregating Rs. 45 crore, on a rights issue basis.
The aggregate investment made by JLSL in RILIPL now totals Rs. 166.55 crore. The investment is intended to fund the business operations of RILIPL. This transaction is classified as a related party transaction and is conducted on an arm’s length basis. No governmental or regulatory approvals were required for this investment.
RILIPL is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Limited. The joint venture focuses on leasing services within the International Financial Services Centre.
Jio Financial Services Ltd is focused on expanding its financial services portfolio through strategic investments and partnerships. The company aims to leverage its subsidiaries to enhance its presence in the financial services sector.