Jio Financial Services gains as its arm invests Rs 46 crore in Reliance International Leasing IFSC
JIO Financial Services is currently trading at Rs. 295.80, up by 0.85 points or 0.29% from its previous closing of Rs. 294.95 on the BSE.
The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 296.75 and Rs. 294.15 respectively. So far 179311 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 338.45 on 05-Aug-2025 and a 52 week low of Rs. 198.60 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 299.90 and Rs. 291.35 respectively. The current market cap of the company is Rs. 188180.05 crore.
The promoters holding in the company stood at 47.12%, while Institutions and Non-Institutions held 26.81% and 26.07% respectively.
Jio Financial Services’ subsidiary -- Jio Leasing Services (JLSL) has invested Rs 46 crore in Reliance International Leasing IFSC (RILIPL) through a rights issue basis. The company has subscribed to and has been allotted 4,60,00,000, 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) of Rs 10 each of Reliance International Leasing IFSC.
The investment is made to fund the business operations of RILIPL. The aggregate investment made by JLSL in RILIPL till date is Rs 247.55 crore. The investment is a related party transaction of JLSL and is on an arm's length basis.
Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).
