Jio Financial Services Arm Invests ₹63.94 Crore in Reliance International Leasing IFSC JV

Jio Financial Services Limited has strengthened its presence in the leasing and financial services space through a fresh capital infusion by its subsidiary into a joint venture entity. 

₹63.94 Crore Infusion Through Rights Issue 

Jio Leasing Services Limited (JLSL), a wholly owned subsidiary of Jio Financial Services, has subscribed to 6.39 crore (6,39,40,000) optionally convertible preference shares of Reliance International Leasing IFSC Private Limited.  

The shares, carrying an 8.1% coupon, were allotted at face value of ₹10 each, resulting in a total investment of ₹63.94 crore.  

The transaction has been executed through a rights issue and is aimed at funding the operational requirements of the joint venture. 

Joint Venture Structure and Ownership 

Reliance International Leasing IFSC is a 50:50 joint venture between Jio Leasing Services and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries. 

Following this tranche, the cumulative investment made by JLSL in the entity since the previous disclosure stands at ₹82.80 crore. 

Transaction Details and Governance 

The company clarified that the investment qualifies as a related party transaction at the subsidiary level but has been carried out on an arm’s length basis. It also confirmed that no regulatory approvals were required for the transaction. 

Additionally, there is no direct interest of the company’s promoter or promoter group entities in the investment. 

Read More: Jio Financial Services Share Price in Focus; Partners with Allianz to Launch Reinsurance JV in India! 

Jio Financial Services Share Price Performance  

As of March 27, 2026, at 11:01 AM, Jio Financial services share price is trading at ₹232.90 per share, reflecting a decline of 1.87% from the previous closing price.  

Conclusion 

The capital infusion highlights Jio Financial’s continued focus on scaling its financial services ecosystem through strategic investments in joint ventures aligned with its long-term growth plans. 

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