Ambani's Jio Finance Prepares for Debut Debt Sale in Indian Market
2025-01-15
MSN
Jio Finance Ltd., backed by billionaire Mukesh Ambani, is set to enter India's local currency debt market for the first time, with plans to raise funds in the January-March quarter. The proceeds will be utilised for on-lending to various industries, boosting economic growth. This move comes despite stricter RBI regulations, highlighting Jio Finance's commitment to expanding its financial services. Key sectors, such as infrastructure and manufacturing, are likely to benefit from this initiative, driving growth and development. With a focus on digital lending and financial inclusion, Jio Finance aims to make a significant impact in the Indian debt market.
