Jio Financial Services’ arm invests Rs 45 crore in Reliance International Leasing IFSC
Reliance International Leasing IFSC is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries
Jio Financial Services’ subsidiary -- Jio Leasing Services (JLSL) has invested Rs 45 crore in Reliance International Leasing IFSC through a rights issue. Jio Leasing Services (JLSL) has subscribed to and has been allotted 4,50,00,000 or 8.1 per cent Cumulative Optionally Convertible Preference Shares (OCPS) of Rs 10 each of Reliance International Leasing IFSC.
Reliance International Leasing IFSC is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries.
Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).
