Jio Financial Services: Billionaire industrialist Mukesh Ambani's Jio Financial Services Ltd (JFSL) on Wednesday (September 3) said that it has raised
Rs 3,956 crore from promoters via warrants issue. In an exchange filing, the company said that funds, raised from two promoter group entities, will be utilised for expansion. Jio Financial Services said that the board has allotted 50 crore warrants for cash at a price of Rs 316.50 per warrant members of the promoter group -- Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd. The allotment of warrants was done upon receipt of Rs 3956.25 crore, it said. Both the companies have been allotted 25 crore warrants each at Rs 316.50 per unit, it said, adding that subscription amount received was 25 per cent of warrant issue price of Rs 316.50 per unit aggregating to Rs 3,956 crore. "The Stakeholders’ Relationship Committee of the Board of Directors of the Company has today allotted 50,00,00,000 warrants for cash at a price of Rs. 316.50 (Rupees Three hundred and sixteen and paise fifty only) per warrant , to the below-mentioned members of the promoter group of the Company upon receipt of Rs. 3956,25,00,000...," Jio Financial Services said in filing. The board of Jio Financial Services had in July had approved fund infusion of Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. The promoters, including the Ambani family and different group holding entities, together own 47.12 per cent of the company. At the time of writing this report around 3 PM, Jio Financial Services shares traded in the green at Rs 314. 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. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
