Investment in Jio Credit Limited, wholly owned subsidiary of the Company
JIOFIN · price
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Jio Financial Services has invested Rs. 1,999.88 crore in its wholly owned NBFC subsidiary, Jio Credit Limited, by subscribing to 3.35 crore equity shares at Rs. 10 face value plus a premium of Rs. 585.70 per share. The funds will be used by Jio Credit to support its business operations. The company clarified this is a related party transaction done on an arm's length basis, with no promoter or group company interest involved. This is a follow-up to a similar disclosure made on March 27, 2025, indicating continued capital support for the lending arm.
This is a positive signal as it shows Jio Financial is actively funding the growth of its credit/lending business, which could drive future revenue diversification. No open offer or regulatory approval is triggered, and there is no immediate impact on shareholding structure since Jio Credit is already a 100% subsidiary.