New Delhi:Jio Leasing Services Limited (JLSL), a wholly owned subsidiary of Jio Financial Servicessaid on Tuesday that it has invested ₹67.50 crore in Reliance International Leasing IFSC Limited.
Has invested ₹6,750,000,000 cumulative optionally convertible preferred shares at 8.1 percent ₹10 each from Reliance International Leasing IFSC Limited (RILIL) (a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Ltd (a wholly-owned subsidiary of Reliance Industries Limited), for cash at par, totaling ₹67.50 crore, Jio Financial Services said in a regulatory filing.
The investment is being made to fund RILIL’s business operations, it said.
The investment is a transaction between related parties and is being carried out on an arm’s length basis, he added.
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