Take context from the input text and decide on the accurate relationship between 'Jio' and 'Mukesh Ambani' from the options provided.
Options: employer, owned by, business division, subsidiary

Reliance Industries : Mukesh Ambani -led RIL’s telecom arm Reliance Jio Infocomm (RJIL) will raise Rs 3,500 crore debt ahead of launch of its services.
owned by