Jio Financial Services Limited — Board Meeting, 30-07-2025: Outcome of Board Meeting

Jio Financial Services has announced a board meeting where it approved a significant fundraise. The company plans to issue up to 50 crore warrants via a preferential issue to promoter group entities Sikka Ports & Terminals and Jamnagar Utilities and Power. Each warrant, priced at Rs. 316.50, is convertible into one equity share. This move aims to raise up to Rs. 15,825 crore for the company. The warrants are convertible into shares within 18 months, pending shareholder and regulatory approvals.