Mukesh Ambani owns both Reliance Industries and Jio Financial Services. Jio Financial Services—which doesn’t even have a financial services business yet—has a subsidiary called Jio Leasing Services. This subsidiary, Jio Leasing, is going to buy some electronics from Reliance Retail, a subsidiary of Reliance Industries. Jio Leasing will then lease these electronics, which I guess would be stuff like routers, modems, antennas, to customers of Reliance Jio, the telecom company which like Reliance Retail is a subsidiary of Reliance Industries.
Excerpt from the Boring Money newsletter. You can read the whole piece here - Jio Financial wants to lend routers so that Reliance Retail's revenue goes up
credits: Boring Money newsletter