Jio Financial Services incorporated Jio Finance Platform and Service Limited on August 14.
New subsidiary to focus on financial product distribution and allied services.
Initial investment: Rs 1 Lakh for 10,000 equity shares.
Fintech platform Jio Financial Services Limited (JFSL) has incorporated a new wholly owned subsidiary, Jio Finance Platform and Service Limited.
The company has formed the new subsidiary for the business of distribution of financial products and allied services, it said in a filing on Thursday (August 15).