Latest news with #JFSL
Indian Express
a day ago
- Business
- Indian Express
Ambanis to inject Rs 15,825 cr into Jio Financial, boosting stake to over 54%
The Mukesh Ambani family is set to increase its stake in Jio Financial Services (JFSL) from 47.12 per cent to 54.19 per cent with a Rs 15,825 crore investment through a preferential issue of convertible warrants. JFSL's board approved the fundraising plan on Wednesday. The capital will be raised by issuing up to 50 crore warrants at Rs 316.50 each. Every warrant can be converted into one fully paid equity share, with a face value of Rs 10 and a premium of Rs 306.50. The preferential allotment will be made on a private placement basis to two promoter group entities: Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd. Jio Financial shares closed marginally lower by 0.25 per cent at Rs 320.20 on the BSE on Wednesday.
Economic Times
a day ago
- Business
- Economic Times
Jio Financial Services to get Rs 15,825 cr fund infusion from promoters
Jio Financial Services board on Wednesday approved fund infusion of Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. ADVERTISEMENT Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12 per cent of the company. Post preferential issuance, promoter group holding would go up to 54.19 per cent. The board in its meeting on Wednesday approved raising of funds through issuance of up to 50 crore warrants for cash at a price of Rs 316.50 per 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 a private placement basis to the two promoter entities, it issue, Sikka Ports & Terminals Ltd holding in the company would increase from 1.08 per cent to 4.65 per cent while Jamnagar Utilities and Power Private Ltd holding would more than double from 2.02 per cent to 5.52 per cent, it said. ADVERTISEMENT Jio Financial Services Ltd (JFSL) reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025, as against Rs 313 crore in the same quarter a year ago. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year. ADVERTISEMENT During the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year expenses increased significantly to Rs 261 crore from Rs 79 crore in the same quarter of last year. ADVERTISEMENT JFSL, in the quarter, acquired 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India, representing 14.96 per cent of equity share capital of JPBL for Rs 104.54 crore. Consequently, JPBL has become a wholly-owned subsidiary effective from June 18 2025. Exceptional item represents the excess of fair value gain on remeasurement of investment in JPBL of Rs 439.16 crore over the goodwill of Rs 410.59 crore relating to this acquisition, it said. ADVERTISEMENT Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services. (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
21-07-2025
- Business
- Economic Times
Jio Financial Services shares in focus after 50:50 reinsurance JV with Allianz
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jio Financial Services Ltd (JFSL) are likely to be in focus on Monday after the company announced a 50:50 domestic reinsurance joint venture with Allianz Group . The binding agreement was signed through Allianz's subsidiary Allianz Europe agreement aims to serve India's growing insurance market by combining JFSL's local expertise with Allianz's global reinsurance and underwriting partnership will leverage JFSL's digital network and Allianz's existing India portfolios, along with its global experience in risk pricing, portfolio management, and reinsurance. Allianz Re has been active in India for over 25 JV intends to provide strong reinsurance capacity to insurers across India, helping them manage risks more effectively. It will also support India's goal of expanding insurance access under the national vision of 'Insurance for All by 2047.' Operations are expected to commence post regulatory JFSL and Allianz have entered into a non-binding agreement to explore forming joint ventures in general and life insurance businesses in India. The collaboration aims to deliver innovative insurance solutions by combining the strengths of both brands.'India is witnessing a transformative surge in insurance demand, driven by rising prosperity, growing financial awareness, and rapid digital adoption. This partnership, combining Allianz's global reinsurance expertise with JFSL's deep understanding of the Indian market and strong digital infrastructure, aims to deliver innovative and customized reinsurance solutions to insurers. Aligned with the national goal of ' Insurance for All by 2047 ', we are committed to building a stronger and more inclusive insurance ecosystem that ensures broader access to protection for every Indian. We are excited to shape this transformative journey together,' said Isha M. Ambani, Non-executive Director, Jio said its focus remains on digitally delivering financial solutions addressing the core needs of borrowing, investing, transacting, and protecting for every Indian. Allianz reaffirmed its commitment to India's long-term growth, citing the country's strong economy, rising middle class, and increasing demand for insurance products as key drivers for future value Friday, Jio Financial Services shares closed flat with a negative bias at Rs 316.70 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
21-07-2025
- Business
- News18
Jio Financial Shares Rise Over 1% Post Q1 Results; Rally 21% In 6 Months — Should You Invest?
Jio Financial Share Price: Mukesh Ambani-led Jio Financial Services Ltd (JFSL) were trading 1% higher on Monday Jio Financial Share Price: Mukesh Ambani-led Jio Financial Services Ltd (JFSL) were trading 1% higher on Monday, after it reported a 4% year-on-year (YoY) rise in net profit for the quarter ended June 2025 (Q1 FY26), with net profit rising to Rs 324.66 crore from Rs 312.63 crore in the same quarter last year, last week. The company's revenue surged 46.5% YoY to Rs 612.46 crore, compared to Rs 417.82 crore in Q1 FY25. Total income rose to Rs 619 crore, while total expenses climbed significantly to Rs 261 crore, a 228% increase from Rs 79 crore in the year-ago quarter. One of the key drivers was interest income, which doubled to Rs 363 crore, up from Rs 162 crore in Q1 FY25. In a strategic move, JFSL and Germany's Allianz Group, through its wholly owned subsidiary Allianz Europe B.V., signed a binding agreement to set up a 50:50 domestic reinsurance joint venture in India. The JV aims to serve the country's fast-evolving insurance sector. The partnership will combine JFSL's local market knowledge and digital capabilities with Allianz's global reinsurance strength and expertise in underwriting, pricing, and portfolio management. The JV will also leverage Allianz's existing presence through Allianz Re and Allianz Commercial in India. The companies noted that operations will begin post-regulatory approvals. Beyond reinsurance, JFSL and Allianz have also signed a non-binding agreement to explore equally owned joint ventures in life and general insurance segments. This move signals JFSL's broader ambition to build a comprehensive insurance ecosystem. Commenting on the development, Isha Ambani, Non-Executive Director of JFSL, said: 'India is witnessing a transformative surge in insurance demand, driven by rising prosperity, growing financial awareness, and rapid digital adoption." Technical Outlook: Possible Breakout on the Horizon On the technical front, Anshul Jain, Head of Research at Lakshmishree Investment, noted: 'Jio Financial is currently trading within a key resistance zone of Rs 324 to Rs 347. Despite strong overhead pressure, the stock isn't backing down — instead, it's showing signs of bullish accumulation. Volume is steadily declining, which often precedes a breakout after consolidation. That said, price action suggests a range-bound phase could continue for the next 8–10 weeks." Stock Performance As of Friday, July 18, 2025, shares of JFSL have rallied 21.65% over the past six months, making it one of the closely watched stocks in the financial sector. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
21-07-2025
- Business
- Time of India
Jio Financial Services shares in focus after 50:50 reinsurance JV with Allianz
Shares of Jio Financial Services Ltd (JFSL) are likely to be in focus on Monday after the company announced a 50:50 domestic reinsurance joint venture with Allianz Group . The binding agreement was signed through Allianz's subsidiary Allianz Europe B.V. The agreement aims to serve India's growing insurance market by combining JFSL's local expertise with Allianz's global reinsurance and underwriting capabilities. Explore courses from Top Institutes in Select a Course Category Healthcare Others Public Policy Data Science others MCA Artificial Intelligence Cybersecurity Data Analytics Technology Management Degree Design Thinking MBA Project Management Operations Management Finance Leadership CXO Digital Marketing PGDM Product Management Data Science healthcare Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details The partnership will leverage JFSL's digital network and Allianz's existing India portfolios, along with its global experience in risk pricing, portfolio management, and reinsurance. Allianz Re has been active in India for over 25 years. The JV intends to provide strong reinsurance capacity to insurers across India, helping them manage risks more effectively. It will also support India's goal of expanding insurance access under the national vision of 'Insurance for All by 2047.' Operations are expected to commence post regulatory approvals. Additionally, JFSL and Allianz have entered into a non-binding agreement to explore forming joint ventures in general and life insurance businesses in India. The collaboration aims to deliver innovative insurance solutions by combining the strengths of both brands. Live Events 'India is witnessing a transformative surge in insurance demand, driven by rising prosperity, growing financial awareness, and rapid digital adoption. This partnership, combining Allianz's global reinsurance expertise with JFSL's deep understanding of the Indian market and strong digital infrastructure, aims to deliver innovative and customized reinsurance solutions to insurers. Aligned with the national goal of ' Insurance for All by 2047 ', we are committed to building a stronger and more inclusive insurance ecosystem that ensures broader access to protection for every Indian. We are excited to shape this transformative journey together,' said Isha M. Ambani, Non-executive Director, Jio Financial. JFSL said its focus remains on digitally delivering financial solutions addressing the core needs of borrowing, investing, transacting, and protecting for every Indian. Allianz reaffirmed its commitment to India's long-term growth, citing the country's strong economy, rising middle class, and increasing demand for insurance products as key drivers for future value creation. On Friday, Jio Financial Services shares closed flat with a negative bias at Rs 316.70 on the BSE. Also read: Is RIL's strong profit growth sustainable amid rising capital expenditure? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
