Investment6 May 2026, 07:11 pm
Jio Financial Services Invests ₹300 Cr in Jio Finance Platform
AI Summary
Jio Financial Services Ltd has invested ₹300 crore in its wholly-owned subsidiary, Jio Finance Platform and Service Limited (JFPSL), by subscribing to 30,00,00,000 equity shares of ₹10 each at par. JFPSL will use the funds for its business operations. The total investment by Jio Financial Services in JFPSL till date is ₹335 crore. This related party transaction is conducted on an arm's length basis, with no interest from promoters or other group companies. No regulatory approval was required.
Key Highlights
- Jio Financial Services invests ₹300 Cr in Jio Finance Platform and Service Limited (JFPSL).
- The investment involves subscribing to 30,00,00,000 equity shares at ₹10 each.
- JFPSL will utilize the ₹300 Cr to fund its business operations.
- Total investment in JFPSL till date amounts to ₹335 crore.
- The transaction is a related party transaction on an arm's length basis.