JIO Financial Services Ltd.

Jio Financial Services’ (JFSL) wholly owned subsidiary -- Jio Leasing Services (JLSL) has invested in 6,75,00,000, 8.1% Cumulative Optionally Convertible Preference Shares of Rs 10 each of Reliance International Leasing IFSC (RILIL) (a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures (a wholly owned subsidiary of Reliance Industries)), for cash at par, aggregating Rs 67.50 crore. The investment is made to fund the business operations of RILIL.

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).