Jio Financial Services announced that its wholly owned subsidiary, Jio Leasing Services (JLSL) has subscribed to and has been allotted 4,50,00,000, 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) of Rs.10/- each of Reliance International Leasing IFSC (RILIPL) (a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries), for cash at par, aggregating Rs. 45 crore, on a rights issue basis. The aggregate investment made by JLSL in RILIPL till date is Rs. 166.55 crore. The investment is made to fund the business operations of RILIPL.