Jio Financial Services Allots 25 Crore Equity Shares Upon Warrants Conversion
Jio Financial Services Limited announced the allotment of 25,00,00,000 equity shares of the company. The shares were allotted at a premium of Rs. 306.50 per equity share, following the conversion of 25,00,00,000 warrants.The allotment was made to members of the promoter group, Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, following a meeting of the Company’s Stakeholders' Relationship Committee of the Board of Directors held on April 21, 2026. The equity shares have a face value of Rs. 10 each.
The details of the allotment among the promoter group members are as follows:
| Allottee Name | Pre-Allotment Shares (No.) | Allotment Shares (No.) | Post-Allotment Shares (No.) | % of Holding (Post-Allotment) |
|---|---|---|---|---|
| Sikka Ports & Terminals Limited | 6,85,00,000 | 12,50,00,000 | 19,35,00,000 | 2.93% |
| Jamnagar Utilities & Power Private Limited | 12,84,64,144 | 12,50,00,000 | 25,34,64,144 | 3.84% |
| Total | 19,69,64,144 | 25,00,00,000 | 44,69,64,144 | 6.77% |
The allotment resulted in quantifiable increases in the company's capital structure and promoter holding. The paid-up equity share capital of the Company rose from Rs. 6353,14,16,230 to Rs. 6603,14,16,230. This expanded capital is divided into 660,31,41,623 fully paid-up equity shares of face value of Rs. 10 each.
Furthermore, the total shareholding held by the promoter and promoter group of Jio Financial Services Limited increased from 47.12% to 49.13% of the total paid-up equity share capital.
JIOFIN Stock Price Movement
Shares of Jio Financial Services Limited are slipping by 0.73% in live trading, currently at ₹235.43 as of 11:32 AM, shedding ₹1.72 in early session activity. The stock has seen 17.79 million shares traded so far, driving significant intraday volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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