Jio Finance Limited has announced the allotment of 12,50,00,000 equity shares. These shares were issued upon the conversion of warrants held by Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited. This transaction results in a significant increase in the company’s paid-up equity share capital and consequently alters the shareholding patterns of the promoter group.
New Equity Allotment Announced
Jio Finance Limited has successfully completed the allotment of 12,50,00,000 equity shares. This issuance follows the conversion of previously allotted warrants. The shares, each with a face value of ₹10/- and issued at a premium of ₹306.50/- per share, were allocated to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, both entities within the promoter group. This action is a continuation of the company’s prior disclosures regarding warrant conversions.
Impact on Shareholding
The details of the shareholding pre- and post-allotment highlight the impact of this issuance. Prior to this allotment, the total paid-up equity shares stood at 660,31,41,623, which has now increased to 685,31,41,623. Consequently, the percentage holding for Sikka Ports & Terminals Limited has risen from 2.93% to 4.65%, and for Jamnagar Utilities & Power Private Limited, it has increased from 3.84% to 5.52%. The overall holding of the promoter and promoter group has grown from 49.13% to 50.98%, reflecting a consolidated ownership structure.
Previous Disclosures
This allotment is further to prior disclosures made by the company. On September 3, 2025, Jio Finance had intimated the allotment of 25,00,00,000 warrants each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited. Subsequently, on April 21, 2026, the company had disclosed the allotment of 12,50,00,000 equity shares each to the same entities upon the conversion of a portion of their warrants. The current announcement details the conversion of the remaining warrants.
Source: BSE
