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Data Extracted via Frism DocuLens
- Jio Financial Services Limited (NSE: JIOFIN) completed a ₹ 300 crore cash acquisition of its wholly‑owned subsidiary Jio Finance Platform and Service Limited (JFPSL) on 6 May 2026.
- The transaction issued 30 crore equity shares of Rs 10 each to JFPSL, is deemed a related‑party deal but not material under RPT thresholds, and required no regulatory clearances.
- Target’s financial snapshot: Net Worth ₹ 39.8 million, Turnover ₹ 121.8 million, and a PAT loss of ₹ ‑309.5 million.
- Board approval came on 17 Feb 2026 and audit‑committee sign‑off on 12 Mar 2026, supporting Jio Financial Services’ plan to broaden its financial‑services distribution and fund operational growth.
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