Jio Financial Approves ₹15,825 Crore Fundraising via Warrants to Promoter Entities

Mumbai, July 30, 2025 — Jio Financial Services Limited (NSE: JIOFIN, BSE: 543940) has announced a major fundraising move with the approval of a preferential issue of up to 50 crore convertible warrants, amounting to ₹15,825 crore, to entities within the promoter group.

Key Transaction Details

The Board of Directors approved the issuance of warrants at a price of ₹316.50 per warrant, each convertible into one fully paid-up equity share of face value ₹10. The issue is being made to the following two promoter group entities:

• Sikka Ports & Terminals Ltd currently holds 6.85 crore shares. This is representing 1.08% of total equity.
• Post-conversion, Sikka Ports & Terminals Ltd will hold 31.85 crore shares. This sums up to 4.65% of total equity.
• Jamnagar Utilities and Power Pvt Ltd currently holds 12.84 crore shares. This is representing 2.02% of total equity.
• Post-conversion, Jamnagar Utilities and Power Pvt Ltd will hold 37.84 crore shares. This sums up to 5.52% of total equity.
• The combined pre-issue holding of the two entities is 19.69 crore shares or 3.10%.
• Their combined post-issue holding is estimated to rise to 69.69 crore shares or 10.17%.

*Assuming full conversion of warrants

Warrant Terms and Expiry

• Each warrant is convertible into one equity share.
• Conversion can occur in one or more tranches, at any time within 18 months from the date of allotment.
• Unconverted warrants post the expiry will lapse, and the paid amount will be forfeited.

Capital Infusion Summary

• Jio Financial will issue 50,00,00,000 warrants to its promoter entities as part of the fundraising exercise.
• Each warrant is priced at ₹316.50, comprising a face value of ₹10 and a premium of ₹306.50 per share.
• The total capital to be raised through this preferential allotment (private placement) amounts to ₹15,825 crore.
• This move is being carried out under the disclosure norms of SEBI (LODR) Regulation 30, ensuring timely and transparent reporting.

Strategic Implications

This capital infusion reinforces Jio Financial’s promoter backing and strengthens its financial base ahead of its anticipated expansion in lending and financial services. The increased stake by Sikka Ports and Jamnagar Utilities also signals deeper alignment with the parent conglomerate.

About Jio Financial Services 

Jio Financial Services Ltd is a listed NBFC (Non-Banking Financial Company) that forms the financial services arm of Reliance Group. The company is involved in digital lending, insurance broking, and payment solutions. It is listed on both BSE and NSE.

REF: https://nsearchives.nseindia.com/corporate/JIOFINANCIAL_30072025174656_JFSL.pdf

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