Analyze the relationship between 'Jio' and 'Mukesh Ambani' within the context of the input sentence.
Options: business division, subsidiary, employer, owned by

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