Jio Financial Services has made a fresh investment of Rs 1,999.88 crore in its subsidiary Jio Credit Limited as part of strengthening its lending business. This amount was transferred by purchasing new equity shares. Apart from loans, the company aims to increase its influence in financial services sectors such as payments and asset management.

The company showed good financial performance in the quarter ended December. The net profit for the period was Rs 269 crore. The revenue increased significantly to Rs 901 crore this time from Rs 449 crore in the same period last year. The main reasons behind this financial achievement are the expansion in the lending market and growth in other services.

Following these financial reports and investment news, the stock market also showed a slight increase. On the morning of February 27, the company's share price was trading at Rs 258.80. Investors are watching with great interest the company's moves to become more active in the lending market and reach more customers in the coming months.