Jio Leasing Services Ltd invests in Reliance International Leasing IFSC Ltd

Jio Leasing Services Limited ("JLSL"), a wholly owned subsidiary of Jio Financial Services Limited, has along with its nominees invested an amount of Rs. 2.50 crore towards the initial subscription of 25,00,000 equity shares of Rs. 10/- each of Reliance International Leasing IFSC Limited ("RILIL"), for cash at par.

RILIL, incorporated on February 01, 2024, is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited (a wholly owned subsidiary of Reliance Industries Limited). RILIL will be engaged in the business of operating lease of Ships, Vessels and Voyage Charters in International Financial Services Centre (IFSC) located at Gujarat International Finance Tec-City (GIFT City), Special Economic Zone (SEZ), Gujarat.

The investment does not fall within related party transaction. None of the Company's Promoter, Promoter Group and other group companies have any interest in the above investment.

Shares of Jio Financial Services Limited was last trading in BSE at Rs. 353.80 as compared to the previous close of Rs. 350.45. The total number of shares traded during the day was 1090347 in over 12574 trades.

The stock hit an intraday high of Rs. 357.50 and intraday low of 350.50. The net turnover during the day was Rs. 385562352.00.

Source : Equity Bulls

Keywords

JioFinancialServices INE758E01017 NBFC Investment RelianceInternationalLeasingIFSC