Jio Financial Services Limited (JIOFIN) — Corporate Action

📢 Key Event
JIOFIN subsidiary invests ₹63.94 crore in 50:50 joint venture preference shares.

🔄 What Changed
Cumulative investment increased from prior disclosure (December 31, 2025) by ₹82.80 crore; now at ₹63.94 crore additional tranche.

💡 Investor Takeaway
JIOFIN's subsidiary is channeling capital into a Reliance joint venture through convertible preference shares, increasing financial exposure but potentially creating future equity dilution if converted.

Jio Financial Services' wholly owned subsidiary Jio Leasing Services Limited subscribed to 6.39 crore preference shares worth ₹63.94 crore in Reliance International Leasing IFSC Private Limited on March 25, 2026. This 50:50 joint venture investment, made on a rights issue basis at par value, brings total JLSL investment in RILIPL to ₹82.80 crore since the prior disclosure. The preference shares carry 8.1% cumulative optionally convertible terms and fund operational requirements.

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