Jio Leasing Services Invests Rs. 45 Crore in Reliance International Leasing IFSC Private Limited

Jio Leasing Services Limited (JLSL), a wholly owned subsidiary of Jio Financial Services Ltd, has invested Rs. 45 crore in Reliance International Leasing IFSC Private Limited (RILIPL). This investment is in the form of 4,50,00,000 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) of Rs.10/- each. RILIPL is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Limited. The investment is made to fund the business operations of RILIPL and is a related party transaction of JLSL, conducted on an arm's length basis. The Company's promoter, promoter group, and other group companies do not have any interest in this investment. No governmental or regulatory approvals were required for the investment.