Jio Financial Services Ltd (JFSL) on Thursday said it has infused ₹2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth.
The company has subscribed to and has been allotted 3,35,71,923 equity shares of ₹10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of ₹585.70 per equity share, aggregating ₹1,999.88 crore, JFSL said in a statement.
JCL will utilise the amount to fund its business operations, it said.
Last month, JFSL reported a 9 per cent drop in consolidated profit at ₹269 crore in the third quarter ended December 2025.
The company earned a consolidated net profit of ₹295 crore in the same quarter of the previous fiscal.
However, the company’s consolidated net profit stood at ₹695 crore in the second quarter of the current fiscal.
Total income nearly doubled to ₹901 crore, from ₹449 crore in the third quarter of the previous fiscal.
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