Jio Financial Services has released its Monitoring Agency Report for the quarter ended September 30, 2025. CRISIL Ratings, the monitoring agency, confirms that the utilization of preferential issue proceeds aligns with the company’s stated objectives. Approximately ₹824.25 crore has been utilized, leaving a remaining unutilized amount of ₹15,000.75 crore. The funds primarily supported investments in existing and new subsidiaries. The report expresses no major deviations.
Issue Proceeds Utilization
Jio Financial Services confirms the utilization of funds raised through preferential issue, as monitored by CRISIL Ratings Limited. As of September 30, 2025, a total of ₹824.25 crore has been deployed out of the total issue size of ₹15,825.00 crore.
Deployment Details
The funds have been allocated towards the following:
- Infusion into existing and new subsidiaries/joint ventures: ₹823.80 crore
- General Corporate Purposes: ₹0.45 crore
The unutilized amount as of September 30, 2025, stands at ₹15,000.75 crore. The utilization adheres to the objects outlined in the offer document, with no reported deviations.
Investment of Unutilized Funds
The unutilized proceeds are currently invested in various mutual funds and a bank, totaling ₹3132.00 crore, with a market value of ₹3146.22 crore. Key investments include:
- Nippon India Mutual Fund: ₹1,050.00 crore
- HDFC Mutual Fund: ₹600.00 crore
- SBI Mutual Fund: ₹750.00 crore
General Corporate Expenses
A sum of ₹0.45 crore was utilized towards operational expenses related to business infra support service and stamp duty.
Source: BSE