Synopsis:
Jio Financial Services Ltd will raise ₹15,825 crore through 50 crore warrants at ₹316.50 each via preferential allotment to promoter entities. Post-conversion, promoter stake will rise from 3.10% to 10.17%.
The shares of Mukesh Ambani’s company, specializing in providing a diverse range of financial services, including digital lending, insurance, payments, and asset management, jumped upto 3.4 percent after the promoters plan to increase their stake in the company.
With a market capitalization of Rs. 2,09,463.08 crores on Thursday, the shares of Jio Financial Services Ltd jumped upto 3.4, making a high of Rs. 331.70 per share compared to its previous closing price of Rs. 320.20 per share.
Jio Financial Services Ltd, engaged in providing a diverse range of financial services, including digital lending, insurance, payments, and asset management, announced that its Board of Directors, at the meeting held on July 30, 2025, approved a fundraise of up to ₹15,825 crore through the issuance of 50 crore warrants at ₹316.50 each.
Each warrant is convertible into one fully paid-up equity share of face value ₹10, with a premium of ₹306.50, on a preferential basis to two promoter group entities, Sikka Ports & Terminals Ltd and Jamnagar Utilities and Power Pvt Ltd, and Post-conversion, their combined shareholding will rise from 3.10% to 10.17%. The warrants can be converted in one or more tranches within 18 months of allotment; any unconverted warrants will lapse, and the amount paid will be forfeited.
Financials & Others
The company’s revenue rose by 48 percent from Rs. 417.82 crore to Rs. 619.46 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 312.63 crore to Rs. 324.66 crore during the same period.
The company maintains a low debt-to-equity ratio of 0.03, reflecting strong financial stability. It has delivered impressive average revenue growth of 62.53% and net profit growth of 31.54% over the past three years. Additionally, its asset quality remains solid with net NPA below 2%.
In Q1 FY26, the company reported strong operational performance with Rs. 219 Cr net income from business, up 4x YoY, contributing ~40 percent of consolidated net total income (vs 12% in Q1 FY25). Consolidated PPOP grew 8 percent YoY to Rs. 366 Cr, and net worth stood at Rs. 1,40,072 Cr.
NBFC AUM surged to Rs. 11,665 Cr, AMC AUM reached Rs. 17,876 Cr, payments bank deposits rose 206 percent to Rs. 358 Cr, and payment solutions TPV grew 93 percent to Rs. 7,717 Cr.
Jio Financial Services Ltd (JFSL) is an Indian financial services company headquartered in Mumbai, originally formed as a subsidiary of Reliance Industries Limited and later demerged to operate as an independent listed entity in August 2023.
It offers a wide range of financial products and services, including digital payments, loans, insurance broking, and investment solutions, with a strong focus on leveraging digital platforms to enhance financial inclusion for both individuals and small businesses.
The company operates through several subsidiaries and joint ventures, such as Jio Finance Limited (an NBFC), Jio Insurance Broking Limited, and Jio Payments Bank, and has entered into strategic partnerships, including a major joint venture with BlackRock for asset management and wealth management services.
Written by Sridhar J
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