JIO Financial Services Ltd.

Jio Financial Services has received approval from Department of Economic Affairs, Ministry of Finance for existing foreign investment in the Company and to increase aggregate limits of foreign investment (including FPIs) in the Company to 49% of the paid-up equity share capital on fully diluted basis.

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).