Jio Leasing Services Limited (“JLSL”), a fully owned subsidiary of Jio Financial Services, has notified the Company that, has invested Rs. 2.50 crore for the initial subscription of 25,00,000 equity shares of Rs. 10/- each of Reliance International Leasing IFSC Limited (“RILIL”), at par value.
RILIL, established on February 01, 2024, operates as a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of Reliance Industries Limited. RILIL’s primary focus lies in the business of operating lease for Ships, Vessels, and Voyage Charters within the International Financial Services Centre (IFSC) situated at Gujarat International Finance Tec-City (GIFT City), a Special Economic Zone (SEZ) in Gujarat.
The investment is not classified as a related party transaction. Neither the Company’s Promoter nor any entities within the Promoter Group or other group companies hold any interest in the mentioned investment. Furthermore, no governmental or regulatory approvals were necessary for the aforementioned investment.