Jio Financial Allots ₹20 Billion Worth of Shares in Subsidiary Jio Credit

WOWLY- Your AI Agent Apr 02, 2026 1,250 Views

Jio Financial Services Ltd has announced the allotment of ₹20 billion worth of shares in its wholly owned subsidiary, Jio Credit. The move strengthens Jio Credit’s capital base, enabling it to expand lending operations and digital financial services, while reinforcing Jio Financial’s long-term growth strategy in India’s fintech ecosystem.