Jio Leasing Services Ltd has acquired and been allocated ₹63.94 crore worth of 8.1% cumulative optionally convertible preference shares with a face value of ₹10 each in Reliance International Leasing IFSC Private Ltd on March 25, 2026, for cash at par as part of a rights issue, according to a regulatory filing from the company.
Reliance International Leasing IFSC operates as a 50:50 joint venture between Jio Leasing Services Ltd and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Ltd. This investment aims to support the business operations of Reliance International Leasing IFSC Private Ltd.
Also Read: Jio Financial Services share price has 35% upside potential, Motilal Oswal says with ‘buy’ rating
Jio Financial Services mentioned that the total amount invested by Jio Leasing Services Ltd in Reliance International Leasing IFSC Private Ltd since the last disclosure on December 31, 2025, is now ₹82.80 crore.
The investment is classified as a related party transaction of Jio Leasing Services Ltd and has been executed on an arm’s length basis. Furthermore, it clarified that none of the company’s promoters, promoter group, or other affiliated companies have any stake in this investment. No governmental or regulatory approvals were required for this transaction.
Shares of Jio Financial Services Ltd concluded trading at ₹237.35, reflecting an increase of ₹4.60, or 1.98%, on the BSE.
Also Read: Jio Financial Services invests ₹147 cr in Allianz Jio Reinsurance to fund business
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
(Edited by : Jomy Jos Pullokaran)
