Jio Financial Services invests ?1,000 crore in subsidiary Jio Finance

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Jio Financial Services invests ?1,000 crore in subsidiary Jio Finance

//business-finance.news-articles.net/content/202 .. vests-1-000-crore-in-subsidiary-jio-finance.html

Published in Business and Finance on Thursday, March 27th 2025 at 9:00 GMT by cnbctv18
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The transaction, being between Jio Financial and its subsidiary, qualifies as a related-party transaction but has been executed on an arm's length basis. Shares of Jio Financial Services Limited ended at â‚¹225.

Jio Financial Services has invested Rs 1,000 crore in its subsidiary, Jio Finance Ltd, as part of its strategy to expand its financial services offerings. This investment aims to bolster Jio Finance's capabilities in providing digital financial solutions, including lending, payments, and insurance. The move is seen as a step towards enhancing the company's digital infrastructure and expanding its reach in the financial sector. The shares of Jio Financial Services were trading at Rs 355.70, marking a slight increase of 0.34 percent on the day of the announcement. This investment underscores Jio Financial Services' commitment to leveraging technology to offer innovative financial products and services to its customers.

Read the Full CNBCTV18 Article at:
[ https://www.cnbctv18.com/market/stocks/jio-financial-services-share-price-invests-rs-1000-crore-in-subsidiary-jio-finance-19580594.htm ]

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