Jio Financial Services Ltd

Promoter Group Boosts Stake in Jio Financial Services 📈

- 25 crore equity shares allotted to promoter group companies Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited

- Shares issued at ₹10 face value plus ₹306.50 premium per share via warrant conversion

- Sikka Ports received 12.5 crore shares, increasing holding from 1.08% to 2.93%

- Jamnagar Utilities received 12.5 crore shares, increasing holding from 2.02% to 3.84%

- Total promoter group holding rose from 47.12% to 49.13%

- Paid-up equity share capital increased from ₹6,353.14 crore to ₹6,603.14 crore