New Delhi, Mar 19 (PTI) Jio Financial Services on Tuesday said it has invested Rs 40 crore in its wholly-owned subsidiary Jio Leasing Services Ltd (JLSL) which has been formed for undertaking leasing of movable assets activity.

The company on Tuesday subscribed to 4,00,00,000 equity shares of Rs 10 each of JLSL for cash at par aggregating Rs 40 crore for its business purposes, Jio Financial Services said in a regulatory filing.

Also Read | Martyrs’ Day Dates in India: Bhagat Singh Death Anniversary, Mahatma Gandhi Punyatithi and List of Other Recognised Shaheed Diwas Dates in the Country.

"No governmental or regulatory approvals were required for the above transaction," it said.

The subsidiary will be engaged in the business of leasing of all types of movable assets, it added.

Also Read | Bihar Day 2024 Date and Significance: Know About Bihar Sthapana Diwas History and Celebrations That Take Place To Honour the Formation of the State.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)