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Jio Financial Services
Jio Financial Services Ltd (JSFL) on Friday said its subsidiary Jio Leasing Services Ltd has invested Rs 45 crore in Reliance International Leasing IFSC Pvt Ltd through a rights issue. Jio Leasing Services Ltd (JLSL) has subscribed to and has been allotted 4,50,00,000 or 8.1 per cent Cumulative Optionally Convertible Preference Shares (OCPS) of Rs 10 each of Reliance International Leasing IFSC Pvt Ltd, JSFL said in a regulatory filing. Reliance International Leasing IFSC Pvt Ltd is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Ltd, a wholly owned subsidiary of Reliance Industries Limited. JLSL subscribed to the rights issue aggregating Rs 45 crore, it said. The aggregate investment made by JLSL in Reliance International Leasing IFSC Pvt Ltd till date is Rs 166.55 crore, it said. The investment is made to fund RILIPL's business operations, it said. The investment is a related-party transaction of JLSL and is on an arm's-length basis, it said. The ...
Jio Financial Services Ltd (JFSL) on Tuesday said the company and Allianz of Germany have incorporated a joint venture company named 'Allianz Jio Reinsurance Ltd' (AJRL) to carry on the business of reinsurance in India. The company AJRL will invest an amount of Rs 2.50 lakh towards initial subscription of 25,000 equity shares of face value Rs 10 each for 50 per cent stake, JFSL said in a regulatory approval. AJRL has been incorporated pursuant to receipt of no objection certificate from Insurance Regulatory and Development Authority of India, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, by email, on September 8, 2025, it added. Both the companies on July 18, had announced a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance
Jio Financial Services Ltd (JFSL) on Wednesday said promoter group companies have infused Rs 3,956 crore in the company to fund expansion. The Board of Directors of the company allotted 50 crore warrants for cash at a price of Rs 316.50 per warrant members of the promoter group -- Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd upon receipt of Rs 3956.25 crore, JFSL said in a regulatory filing. Both the companies have been alloted 25 crore warrants each at Rs 316.50 per unit, it said. Subscription amount received by the company was 25 per cent of warrant issue price of Rs 316.50 per unit aggregating to Rs 3,956 crore. JFSL board in July had approved fund infusion of Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. The promoters, including the Ambani family and different group holding entities, together own 47.12 per cent of the company. Jio Financial Services Ltd (JFSL) reported a 4 per cent increase in
Jio Financial Services Ltd (JFSL) on Monday said taxpayers can take assistance of JioFinance App for filing their returns as it has launched planning and filing module on its platform. Aimed at making tax planning and income tax return (ITR) filing simpler, smarter, and more affordable, the new feature has been developed in partnership with TaxBuddy, an online tax filing and advisory service, JFSL said in a statement. The tax filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as Rs 24 for self-service options, and Rs 999 for assisted options. The module includes two core features -- tax planner and tax filing, it said, adding that the tax filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping customers save taxes by ensuring deductions under sections like 80C and 80D are not missed, and eliminating over-reliance on costly intermediaries. The tax plan