Image Source : Retail Banker International
Jio Financial Services has subscribed to 5 crore 8.1% optionally convertible preference shares of Jio Leasing Services for Rs 50 crore, taking total equity support in the subsidiary to about Rs 120.05 crore. The funds will be used by JLSL to support business expansion and day to day operations.
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Jio Financial Services has stepped up its backing for its leasing platform as the group sharpens focus on scalable, asset‑light financial services. The latest capital infusion into Jio Leasing Services comes via an internal related‑party transaction executed on an arm’s‑length basis and fully funded in cash at par.
Key Takeaways
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The company has subscribed to 5,00,00,000 preference shares of JLSL at Rs 10 each, aggregating Rs 50 crore.
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These instruments are 8.1% optionally convertible preference shares, providing a fixed coupon with potential to convert into equity at a later stage.
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Aggregate investment by JFSL in JLSL now stands at approximately Rs 120.05 crore, indicating a strategic long‑term commitment to the leasing vertical.
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JLSL is expected to deploy the funds toward business operations, including expanding its leasing portfolio and supporting growth opportunities.
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The transaction does not require separate governmental or regulatory approvals and was completed in the morning trade window today.
Sources: BSE, Jio Financial Services exchange filing, Financial Express
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