Jio Financial Services Ltd (JFS) has announced a significant increase in its promoter and promoter group's shareholding, which now stands at 49.13% of the total paid-up equity share capital. This rise from the previous 47.12% follows the allotment of 25 crore equity shares to promoter group entities.
The company's Stakeholders' Relationship Committee of the Board approved the preferential allotment, which saw 250,000,000 equity shares issued at a face value of Rs 10 each, coupled with a premium of Rs 306.50 per share. These shares were allocated to Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Pvt Ltd, both integral parts of the Jio Financial promoter group, upon the conversion of an equivalent number of warrants.
Specifically, Sikka Ports & Terminals received 12.5 crore shares, elevating its individual holding from 6.85 crore shares (1.08%) to 19.35 crore shares (2.93%). Concurrently, Jamnagar Utilities & Power Pvt Ltd also secured 12.5 crore shares, pushing its stake from 12.84 crore shares (2.02%) to 25.34 crore shares (3.84%). Together, these two entities now command 6.77% of the company, a notable increase from their earlier combined stake of 3.10%.
This share allotment has expanded Jio Financial's paid-up equity share capital from Rs 6,353.14 crore to Rs 6,603.14 crore. Consequently, the total number of outstanding shares has grown from 635.31 crore to 660.31 crore. This development is a continuation of an earlier disclosure made on September 3, 2025, when JFS had initially announced the allotment of 50 crore warrants to the same promoter group entities on a preferential basis.
As of the latest market update, shares of Jio Financial were observed trading 0.82% lower at Rs 235.10.