Jio Financial proposes $200m warrant issue to promoters

Jio Financial Services Limited will propose a preferential issue of up to 50 crore warrants at ₹316.50 per warrant to promoter group members Sikka Ports & Terminals Limited and Jamnagar Utilities and Power Private Limited.

Each entity will receive 25 crore warrants under the proposal, which requires approval as a Special Resolution at the company's annual general meeting on August 28, 2025.

The company also proposed a dividend of ₹0.50 per equity share for fiscal year 2024-25.