New Delhi: Jio Financial Services Ltd (JFSL) on Friday said it has incorporated a wholly owned subsidiary, Jio Alternative Investment Manager Limited (JAIML), to act as the investment manager for an alternative investment fund (AIF) to be set up by the company, subject to regulatory approvals.
In a regulatory filing to stock exchanges, JFSL said the subsidiary was incorporated on January 23, 2026, with its registered office in Mumbai. The company will invest ₹1 crore towards the initial subscription of 10 lakh equity shares of face value ₹10 each in JAIML.
The proposed AIF will be governed by the SEBI (Alternative Investment Funds) Regulations, 2012, and the new entity has been created specifically to function as its investment manager. JFSL clarified that no government or regulatory approvals are required for the incorporation or the initial investment in the subsidiary.
The company also said the transaction does not qualify as a related-party transaction and that none of its promoters, promoter group entities or group companies have any interest in the move.
The certificate of incorporation was issued by the Ministry of Corporate Affairs and received by the company at around 5.45 pm IST on January 23.
The move signals Jio Financial’s intent to deepen its presence in the alternative assets and private markets space, adding to its expanding suite of financial services businesses following its demerger from Reliance Industries.