Jio Financial Services: The company invested ₹1,000 crore in the subsidiary

Jio Financial Services Limited (Jio Financial) informed after market close on Thursday (March 27) that it has invested Rs 1,000.24 crore in its wholly-owned subsidiary Jio Finance Limited (JFL) through subscription of 1,73,77,412 equity shares at a price of Rs 10 per share. This capital investment will help JFL's business operations.

The company said in a regulatory filing, "The company today purchased and allotted 1,73,77,412 equity shares of its wholly-owned subsidiary Jio Finance Limited at a price of Rs 10 per share in cash, with a total value of Rs 1000.24 crore. JFL will use this fund for its business operation."

How was the quarterly performance Jio Financial Services reported a profit of Rs 294.8 crore with a year-on-year increase of 0.3 per cent in the third quarter ended December 31, 2024. Jio Financial Services had reported a profit of Rs 293.8 crore in the same quarter of the previous financial year. The company's income grew 6 per cent to Rs 438.4 crore from Rs 413.6 crore in the same period of the previous financial year. Stock performance On Thursday, the company's stock closed at Rs 225.20 with a gain of 1.14 per cent. In the last one year, the company's stock has seen a decline of 35.79 percent. 

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