Jio Financial Services Promoter Group Raises Stake to 50.98% After Warrant Conversion
The warrant conversion has increased the promoter group's stake in Jio Financial Services and expanded the company's equity share capital.
Jio Financial Services Allots 25 Crore Shares to Promoter Entities
Jio Financial Services allotted 12.50 crore equity shares each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited. The shares were issued on October 30, 2026, following the conversion of warrants issued on a preferential basis.
The Breakdown
- Shares allotted: The company issued 25 crore equity shares with a face value of Rs. 10 each.
- Sikka Ports & Terminals: The entity acquired 12.50 crore shares, increasing its stake from 2.930% to 4.648%.
- Jamnagar Utilities & Power: The entity received 12.50 crore shares, taking its holding from 3.839% to 5.522%.
- Promoter shareholding: The combined holding of the promoter and promoter group rose from 49.13% to 50.98%.
- Equity capital: The company's total equity share capital increased from 660.31 crore shares to 685.31 crore shares.
What to Watch Next
Investors may track further changes in promoter shareholding and any additional disclosures related to Jio Financial Services' capital structure.
Disclaimer
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