New Delhi, February 26 Jio Financial Services Ltd (JFSL) announced on Thursday that it has invested ₹2,000 crore in its subsidiary, Jio Credit Ltd, to fund its business growth.
The company has subscribed to and received 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 share, amounting to ₹1,999.88 crore, JFSL said in a statement.
JCL will use the funds to finance its business operations, it said.
Last month, JFSL reported a 9 per cent drop in consolidated profit to ₹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 year.
However, the company's consolidated net profit stood at ₹695 crore in the second quarter of the current fiscal year.
Total income nearly doubled to ₹901 crore, from ₹449 crore in the third quarter of the previous fiscal year.
