Jio Financial Services Limited, a company owned by India’s leading businessman, Mukesh Ambani, will remain in focus during Tuesday’s trading session, January 27. Jio Financial Services has made a major announcement, stating that it has incorporated a new wholly owned subsidiary, Jio Alternative Investment Manager Limited.
Several regulatory approvals are still pending for the establishment of this new subsidiary. Jio Alternative Investment Manager Limited, a subsidiary of Jio Financial Services Ltd., was incorporated on January 23, 2026. Jio Financial Services further stated that it will invest ₹1 crore as initial capital in this new subsidiary. This move is considered a significant step towards expanding the company’s alternative investment fund business.
Jio Fin Stock Performance
This positive news could generate significant momentum in Jio Financial Services’ shares during Tuesday’s trading session, January 27. Previously, on Friday, the stock closed at ₹252, down 3%. In the last week, Jio Financial shares have fallen by 10%, while over the last month and three months, the declines have been 15% and 18%, respectively.
Financial Health
Jio Financial Services Limited recently came into the spotlight after announcing that its consolidated profit for the December quarter, ending December 31, increased to ₹269 crore. Furthermore, the company’s total income doubled year-on-year to ₹901 crore. The assets under management (AUM) of this NBFC company of the Reliance Group increased 4.5 times year-on-year to ₹19,049 crore during the December quarter.
About Jio Financial
Mukesh Ambani, a prominent businessman, leads the renowned business group Reliance Industries Limited. Jio Financial Services Limited is a part of this group. Jio Financial Services was primarily created to operate in digital finance, lending, insurance, and payments. The Jio Financial Company’s stock was listed on the Indian stock market on August 21, 2023.
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