The promoter stake in Jio Financial Services (JFSL) will go above 54% from the current 47.12% after the infusion of Rs 15,825 crore by Mukesh Ambani family via preferential issue of convertible warrants to the promoter group.
The board of Jio Financial today approved the fundraising plan which the company had intimated to the exchanges on July 26.
The fundraise will be executed through the issuance of up to 50 crore warrants at a price of Rs 316.50 per unit — each warrant convertible into one fully paid-up equity share of face value Rs 10 and premium of Rs 306.50. The preferential allotment will be made on a private placement basis to two promoter entities — Sikka Ports & Terminals Ltd and Jamnagar Utilities and Power Private Ltd.
Following this issue, Sikka Ports & Terminals' stake in JFSL will increase from 1.08% to 4.65%, while Jamnagar Utilities’ stake will more than double from 2.02% to 5.52%.
This capital infusion strengthens the promoter group’s control over JFSL, which was demerged from Reliance Industries in 2023. The company’s current promoter group includes the Ambani family and various other group holding entities.
The move is seen as a strategic step to fortify the company's balance sheet and support its financial services ambitions across lending, insurance, and payments.
Jio Financial shares today ended in the red on the NSE, declining by 0.34% over the Tuesday closing price. Shares of Jio Financial have risen by 5% in 2025 so far while its 1-year returns are down 3%.
On the operational front, JFSL reported a 4% year-on-year rise in consolidated net profit at Rs 325 crore for the June 2025 quarter, compared to Rs 313 crore in the year-ago period.
The profit after tax (PAT) increased 27% on a sequential basis compared to Rs 316 crore in Q4FY25. The topline was 24% higher over Rs 493 crore reported in the January-March quarter of FY25.
The Mukesh Ambani company drew revenue of Rs 363 crore as interest income versus Rs 276 crore in Q4FY25 and Rs 162 crore in Q4FY25. The fee, commission & other services income stood at Rs 53 crore in Q1FY26, up from Rs 39 crore in Q4FY25 and Rs 38 crore in Q1FY25.
The board of Jio Financial today approved the fundraising plan which the company had intimated to the exchanges on July 26.
The fundraise will be executed through the issuance of up to 50 crore warrants at a price of Rs 316.50 per unit — each warrant convertible into one fully paid-up equity share of face value Rs 10 and premium of Rs 306.50. The preferential allotment will be made on a private placement basis to two promoter entities — Sikka Ports & Terminals Ltd and Jamnagar Utilities and Power Private Ltd.
Following this issue, Sikka Ports & Terminals' stake in JFSL will increase from 1.08% to 4.65%, while Jamnagar Utilities’ stake will more than double from 2.02% to 5.52%.
This capital infusion strengthens the promoter group’s control over JFSL, which was demerged from Reliance Industries in 2023. The company’s current promoter group includes the Ambani family and various other group holding entities.
The move is seen as a strategic step to fortify the company's balance sheet and support its financial services ambitions across lending, insurance, and payments.
Jio Financial shares today ended in the red on the NSE, declining by 0.34% over the Tuesday closing price. Shares of Jio Financial have risen by 5% in 2025 so far while its 1-year returns are down 3%.
On the operational front, JFSL reported a 4% year-on-year rise in consolidated net profit at Rs 325 crore for the June 2025 quarter, compared to Rs 313 crore in the year-ago period.
The profit after tax (PAT) increased 27% on a sequential basis compared to Rs 316 crore in Q4FY25. The topline was 24% higher over Rs 493 crore reported in the January-March quarter of FY25.
The Mukesh Ambani company drew revenue of Rs 363 crore as interest income versus Rs 276 crore in Q4FY25 and Rs 162 crore in Q4FY25. The fee, commission & other services income stood at Rs 53 crore in Q1FY26, up from Rs 39 crore in Q4FY25 and Rs 38 crore in Q1FY25.
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