Investment in Jio Finance Platform and Service Limited, wholly owned subsidiary of the Company
JIOFIN · price
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Jio Financial Services Limited has subscribed to and been allotted 300 million equity shares of Rs. 10 each in its wholly owned subsidiary, Jio Finance Platform and Service Limited (JFPSL), for Rs. 300 crore in cash at par value. This is a follow-on investment to a prior disclosure from August 2024, and brings the company's total cumulative investment in JFPSL to Rs. 335 crore. JFPSL will use the funds to support its business operations. The transaction is classified as a related party transaction but is stated to be on an arm's length basis, with no promoter or group company interest. No regulatory approvals were required for this investment.
This is an intra-group capital infusion into a subsidiary and has no direct impact on Jio Financial's standalone financials or public shareholders. It reflects the parent company's continued support for its subsidiary's growth plans.