Fintech platform Jio Commercial Services Limited (JFSL) has organized a new entirely owned secondary, Jio Finance Platform and Service Limited.
The party has made the new subsidiary for the business of classification of commercial products and allied accounts, it said in a ordering on Thursday.(august 15)
JFSL plans to establish INR 1 Lakh as initial contribution for 10,000 equity shares, each accompanying a face value of INR 10.
JFSL taken the affidavit of incorporation from the Department of Corporate Affairs yesterday. The association purified that this undertaking does not fall under related party transactions and requires no political or regulatory approvals.
