Utilize the input text as a context reference, choose the right relationship between 'Jio' and 'Mukesh Ambani' from the options.
Options: owned by, employer, 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