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What is the story about?
Jio Financial Services Ltd on Saturday (January 24) said it has incorporated a wholly owned subsidiary, Jio Alternative Investment Manager Ltd, as part of its plans to set up an Alternative Investment Fund, subject to regulatory approvals.
The company said the subsidiary was incorporated on January 23, 2026, with its registered office in Mumbai. The new entity will act as an investment manager to the proposed Alternative Investment Fund in accordance with the SEBI (Alternative Investment Funds) Regulations, 2012.
Jio Financial Services said it will invest ₹1 crore towards the initial subscription of the subsidiary. The investment will be made through the subscription of 10,00,000 equity shares of face value ₹10 each of Jio Alternative Investment Manager Ltd.
Also Read: JioBlackRock Asset Management launches Sector Rotation Fund
The company said the incorporation and investment do not fall within the ambit of related party transactions. Jio Financial Services further said that no governmental or regulatory approvals are required for making the above investment.
Third Quarter Results
Jio Financial Services Ltd (JFSL) reported a consolidated profit of ₹269 crore for the quarter ended December 31. Total income for the quarter rose to ₹901 crore, compared with ₹449 crore a year ago. Consolidated pre-provisioning operating profit increased 7% year-on-year to ₹354 crore, while net income from business (excluding dividend income) grew 4% to ₹386 crore.
The company’s lending arm continued to scale up rapidly. NBFC assets under management climbed 4.5 times year-on-year and 29% sequentially to ₹19,049 crore. Gross disbursements during the quarter stood at ₹8,615 crore, nearly doubling from a year earlier.
Also Read: Reliance Industries Q3 net profit at ₹18,645 crore led by O2C, digital businesses
On Friday (January 23), shares of Jio Financial Services Ltd ended at ₹252.95, down by ₹9.85, or 3.75%, on the BSE.
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
The company said the subsidiary was incorporated on January 23, 2026, with its registered office in Mumbai. The new entity will act as an investment manager to the proposed Alternative Investment Fund in accordance with the SEBI (Alternative Investment Funds) Regulations, 2012.
Jio Financial Services said it will invest ₹1 crore towards the initial subscription of the subsidiary. The investment will be made through the subscription of 10,00,000 equity shares of face value ₹10 each of Jio Alternative Investment Manager Ltd.
Also Read: JioBlackRock Asset Management launches Sector Rotation Fund
The company said the incorporation and investment do not fall within the ambit of related party transactions. Jio Financial Services further said that no governmental or regulatory approvals are required for making the above investment.
Third Quarter Results
Jio Financial Services Ltd (JFSL) reported a consolidated profit of ₹269 crore for the quarter ended December 31. Total income for the quarter rose to ₹901 crore, compared with ₹449 crore a year ago. Consolidated pre-provisioning operating profit increased 7% year-on-year to ₹354 crore, while net income from business (excluding dividend income) grew 4% to ₹386 crore.
The company’s lending arm continued to scale up rapidly. NBFC assets under management climbed 4.5 times year-on-year and 29% sequentially to ₹19,049 crore. Gross disbursements during the quarter stood at ₹8,615 crore, nearly doubling from a year earlier.
Also Read: Reliance Industries Q3 net profit at ₹18,645 crore led by O2C, digital businesses
On Friday (January 23), shares of Jio Financial Services Ltd ended at ₹252.95, down by ₹9.85, or 3.75%, on the BSE.
Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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