Jio Financial Services has successfully allotted 25 crore equity shares to its promoter group following the conversion of preferential warrants. This strategic move, finalized on April 21, 2026, involves an issue price including a premium of Rs. 306.50 per share. Consequently, the company’s total paid-up share capital has risen to 660,31,41,623 shares, with the promoter group’s overall shareholding increasing to 49.13%.
Strategic Share Allotment
In a significant move to strengthen its equity base, Jio Financial Services has completed the allotment of 25,00,00,000 equity shares. This follows the conversion of warrants initially issued to members of the promoter group, specifically Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, on September 3, 2025. The shares were issued at a face value of Rs. 10/- per share, supplemented by a premium of Rs. 306.50/- per share.
Impact on Shareholding and Capital
Following this allotment, the company’s paid-up equity share capital has increased from Rs. 6353.14 crore to Rs. 6603.14 crore. This growth reflects the addition of 25 crore fully paid-up equity shares. As a result of this capital infusion, the total shareholding of the promoter and promoter group has climbed from 47.12% to 49.13% of the total paid-up equity share capital.
Allottee Breakdown
The 25 crore shares were distributed equally between the two entities:
- Sikka Ports & Terminals Limited: Holding increased from 1.08% to 2.93%.
- Jamnagar Utilities & Power Private Limited: Holding increased from 2.02% to 3.84%.
This transaction underscores the continued commitment of the promoter group to the long-term growth and capital stability of Jio Financial Services.
Source: BSE
