Jio Financial invests Rs 40 crore in subsidiary JLSL
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Jio Financial Services said in a filing to the stock exchanges on Tuesday that the company on Tuesday purchased four crore shares of Rs 10 each of JLSL at par for its business purposes for a sum of Rs 40 crore in cash.
Jio Financial Services has invested Rs 40 crore in its wholly owned subsidiary Jio Leasing Services Limited (JLSL). This company has been formed to carry out leasing of movable property activities.
Jio Financial Services said in a filing to the stock exchanges on Tuesday that the company on Tuesday purchased four crore shares of Rs 10 each of JLSL at par for its business purposes for a sum of Rs 40 crore in cash.
“No government or regulatory approval was required for the above transaction,” it said. According to the statement, the subsidiary company will be engaged in the business of leasing all types of movable properties.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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