30-07-2025
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.
