Jio Financial Leasing has subscribed to 45 million Optionally Convertible Preference Shares (OCPS) issued by Reliance International Leasing IFSC, investing ₹1.67 billion. This strategic investment reflects Jio Financial’s commitment to diversifying its portfolio and strengthening its position in key financial and leasing businesses.
Jio Financial Leasing announced a significant investment by subscribing to 45 million OCPS in Reliance International Leasing IFSC, with a total commitment of ₹1.67 billion. This move signals the company’s strategy to augment its financial services portfolio and deepen its engagement in leasing operations.
The investment aims to capitalize on growth opportunities in international leasing and financial sectors, leveraging Reliance’s expanded platform and market reach. Jio Financial Leasing’s decision to allocate substantial capital highlights confidence in long-term business prospects and reinforces its financial footprint in emerging markets.
Key highlights:
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Subscription of 45 million OCPS totalling ₹1.67 billion into Reliance International Leasing IFSC
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Strategic intent to diversify and strengthen leasing and financial services portfolio
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Enhanced collaboration potential with Reliance group entities to boost growth momentum
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Positioning for long-term value creation through financial sector expansion
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Commitment to robust governance and sustainable investment practices
This investment cements Jio Financial Leasing’s vision of becoming a key player in integrated financial and leasing services.
Sources: Reuters, Jio Financial official statements, Moneycontrol, Economic Times.