Jio Financial Services to raise ₹15,825 crore via preferential issue of 50 crore warrants

Jio Financial Services Limited (JFSL) on Wednesday (July 30) announced that its board of directors has approved a proposal to raise up to ₹15,825 crore through the issuance of 50 crore warrants. These warrants will be issued for cash at a price of ₹316.50 each, comprising a face value of ₹10 and a premium of ₹306.50 per warrant.Each warrant will be convertible into one fully paid-up equity share of the company. The preferential issue will be made on a private placement basis to members of the company’s promoter group, subject to the approval of shareholders and other statutory and regulatory clearances as applicable.

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The conversion of the warrants into equity shares can be done in one or more tranches at any time within 18 months from the date of allotment. Warrants not converted within the specified period will lapse, and the amount paid on such warrants will be forfeited.Q1 resultsJio Financial Services reported a net profit of ₹325 crore for Q1FY26, marking a 4% increase from ₹312.63 crore in the same quarter last year. Revenue for the June quarter rose sharply by 46.6% year-on-year to ₹612.46 crore from ₹417.82 crore.

Meanwhile, Jio BlackRock — the company’s 50:50 joint venture with BlackRock — has also received SEBI approval to launch four passive funds, including index funds tracking the Nifty Midcap 150, Nifty Next 50, Nifty Smallcap 250, and the Nifty 8–13 year G-Sec index.

Also Read: Jio Financial-Allianz JV: Four key factors that could disrupt GIC Re’s dominance

Shares of Jio Financial Services Limited ended at ₹320.20, down by ₹0.80 or 0.25%, on the BSE.

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