Jio Financial Services Boosts Promoter Stake After Rs 15,825 Crore Fund Infusion

Jio Financial Services, a carved-out entity from Reliance Industries, has secured board approval for a significant fund infusion of Rs 15,825 crore through the issuance of convertible warrants. This strategic move aims to enhance the promoter group's stake in the company from 47.12% to 54.19%. The promoter group consists of the Ambani family and associated group entities.

The board authorized the issuance of up to 50 crore warrants at Rs 316.50 each, convertible into equity shares with a face value of Rs 10 each, representing a substantial capital boost. Post-issuance, significant changes include the increase in Sikka Ports & Terminals' stake from 1.08% to 4.65% and Jamnagar Utilities and Power's stake more than doubling from 2.02% to 5.52%.

Jio Financial reported a 4% increase in consolidated net profit to Rs 325 crore for the first quarter ended June 2025. Total income surged to Rs 619 crore compared to Rs 418 crore in the previous year's corresponding period. Additionally, interest income doubled to Rs 363 crore from the previous year's Rs 162 crore. The quarter also saw Jio Financial's acquisition of Jio Payments Bank, solidifying its stake in the financial services market.

(With inputs from agencies.)