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Jio Financial Services Bolsters NBFC Arm With INR 1,000 Cr Infusion
- Jio Financial Services (JFS) has infused INR 1,000.24 Cr in its NBFC arm Jio Finance Limited (JFL) to expand its offerings.
- JFS has subscribed to and been allotted equity shares of JFL in the funding round.
- The funds will be used by JFL to finance its business operations.
- JFL provides home loans, home loan balance transfer, and loans against mutual funds among other services.
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