In a fresh capital move aimed at strengthening its lending arm, Jio Financial Services Ltd (JFSL) has infused ₹2,000 crore into its wholly-owned subsidiary, Jio Credit Ltd (JCL), to accelerate business growth.
In a statement issued on Thursday, the company said it subscribed to and was allotted 3,35,71,923 equity shares of ₹10 each in Jio Credit Ltd, a non-banking financial company. The shares were issued at a premium of ₹585.70 per equity share, taking the total transaction value to ₹1,999.88 crore.
The company said Jio Credit Ltd will use the funds to support its business operations and expansion plans.
The capital infusion comes at a time when JFSL reported a 9% decline in consolidated net profit for the third quarter ended December 2025. The company posted a consolidated profit of ₹269 crore during the quarter, compared to ₹295 crore in the same period of the previous fiscal.
However, in the second quarter of the current fiscal, the company had reported a higher consolidated net profit of ₹695 crore.
Despite the dip in quarterly profit on a year-on-year basis, JFSL’s total income nearly doubled. The company recorded total income of ₹901 crore in the third quarter, up from ₹449 crore in the corresponding quarter of the previous fiscal.
The latest investment highlights JFSL’s continued focus on scaling its financial services portfolio through its lending subsidiary.
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