JIO Financial Services Ltd.

Jio Financial Services has subscribed to and has been allotted 5,00,00,000, 8.1% Optionally Convertible Preference shares of Rs 10 each of Jio Leasing Services (JLSL), wholly owned subsidiary, for cash at par, aggregating Rs 50 crore. JLSL will utilise the amount to fund its business operations. The aggregate investment by the company in JLSL till date is Rs 120.05 crore. 

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).