Jio Finance Ltd. a shadow lender owned by Mukesh Ambani is preparing to enter the local currency debt market for the first time aiming to raise funds in the January-March quarter. The move is expected to support its onlending activities targeted at various industries according to the Economic Times report. The company a subsidiary of Jio Financial Services Ltd. is exploring options including loans or bond issuances during what is traditionally a high-demand period for credit in India. While the exact terms and size of the borrowing are still being finalized Jio Finance intends to capitalize on its top-tier AAA credit rating from Crisil Ratings. The rating reflects its strong financial health surpassing most non-banking financial companies (NBFCs) in India. Jio Finance Big Plans The decision comes against the backdrop of tighter Reserve Bank of India (RBI) regulations which have increased the difficulty for shadow lenders to secure local currency bank loans. This regulatory tightening has driven many Indian NBFCs to seek offshore debt in recent years. However Jio Finance plans to prioritize the domestic debt market leveraging favorable borrowing conditions stemming from its strong credit standing. Jio Finance is also considering raising funds through commercial papers for short-term needs as per sources. The company did not immediately respond to Bloomberg’s request for comment. Jio Finance Strategy Jio Finance focuses on a wide range of financial products and services including mortgages loans against property life and health insurance and corporate lending. In a bid to tap into India’s digital growth the firm embedded its JioFinance app within MyJio in September enhancing accessibility for consumers. Mukesh Ambani’s financial arm aims to bolster its presence in India’s growing lending market while adapting to the evolving regulatory landscape.