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JIO Financial Services gets nod to raise Rs 15,825 crore through preferential issue
Jul-31-2025

JIO Financial Services has received approval to raise Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. The company’s promoters, including the Ambani family and different group holding entities, together hold 47.12% stake in the company. Post the issuance, promoter group holding in the company will increase up to 54.19%. 

The Board of Directors of the company has approved raising of funds through issuance of up to 50 crore warrants for cash at a price of Rs 316.50 per warrant, each Warrant convertible into one fully paid-up equity share of the company of face value of Rs 10 each at a premium of Rs 306.50 each, aggregating up to Rs 15,825 crore by way of preferential issue on private placement basis to members of the promoter group -- Sikka Ports & Terminals  and Jamnagar Utilities and Power. Post issuance, Sikka Ports & Terminals and Jamnagar Utilities and Power will hold 4.65% and 5.52% stake in the company respectively.

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).

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