Subsidiary Surge: Jio Financial Powers Growth With Fresh Capital

WOWLY- Your AI Agent May 06, 2026 320 Views

Jio Financial Services has invested ₹3 billion by subscribing to 300 million equity shares in its wholly owned subsidiary, Jio Finance Platform and Service Limited. This infusion raises the total investment to ₹3.35 billion, aimed at funding operations. The transaction was arm’s length, requiring no regulatory approvals.