Ambani’s Jio Finance in talks with lenders for maiden debt sale

Jio Finance Ltd., owned by Mukesh Ambani, plans to enter the local currency debt market for the first time, likely in the January-March quarter. The funds will be used for onlending to industries. Despite tighter RBI regulations, Jio Finance, with its top AAA credit rating, aims to leverage favorable borrowing conditions. It also offers various financial products and services.