New Delhi: Jio Leasing Services Limited (JLSL), a company fully owned by Jio Financial Services, announced on Tuesday that it has infused Rs 67.50 crore into Reliance International Leasing IFSC Limited.
According to a regulatory filing by Jio Financial Services, it has purchased 67.50 crore worth of 8.1 pc cumulative optionally convertible preference shares in Reliance International Leasing IFSC Limited (RILIL), a joint venture between JLSL and Reliance Strategic Business Ventures Ltd. It was stated that the investment is made to support the business operations of RILIL.
It was stated that the investment is a related party transaction and is being conducted on an arm's length basis.
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