Jio Financial Services Limited — QIP/Rights/Pref., 30-07-2025: Preferential issue

Jio Financial Services' board has approved raising funds by issuing up to 50 Cr warrants at Rs. 316.50 each, totaling Rs. 15,825 Cr. These warrants are convertible into one equity share each. The issue is a private placement to promoter group entities: Sikka Ports & Terminals Ltd and Jamnagar Utilities and Power Pvt Ltd. Warrant holders have 18 months from allotment to convert them into shares. This strategic fundraising aims to bolster the company's capital.