Jio Financial Services Ltd (JFSL) announced Wednesday that promoter group companies have invested Rs 3,956 crore in the company to fund expansion.
The company's Board of Directors allotted 50 crore warrants for cash at a price of Rs 316.50 per warrant to promoter group members Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd in exchange for Rs 3956.25 crore, JFSL said in a regulatory filing.
Key Highlights
- Promoter group entities infused ₹3,956 crore via 50 crore warrants priced ₹316.50 each for expansion.
- Warrant subscription value reflects 25% upfront payment; implementation follows a broader ₹15,825 crore funding plan.
Both companies have been allocated 25 crore warrants at Rs 316.50 per unit, according to the statement. The company received 25% of the warrant issue price of Rs 316.50 per unit, for a total of Rs 3,956 crore.
In July, the JFSL board approved a fund infusion of Rs 15,825 crore through the preferential issuance of convertible warrants to promoter group members.
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The promoters, which include the Ambani family and various group holding entities, collectively own 47.12% of the company.
Jio Financial Services Ltd (JFSL) reported a 4% increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025, compared to Rs 313 crore in the same quarter last year.
The company's total income increased to Rs 619 crore from Rs 418 crore in the June quarter of the previous year.
