Jio Financial Services allots warrants to promoter group

Jio Financial Services Limited, on September 3, 2025, allotted 50 crore warrants to its promoter group members. Each warrant was issued for cash at a price of INR 316.50. The total subscription amount received, representing 25% of the warrant issue price, amounted to INR 39.56 bn.

The allotments were made to two entities: Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited. Each entity received 25 crore warrants, contributing INR 19.78 bn each towards the subscription amount. This follows the board of directors' and members' approvals on July 30, 2025, and August 29, 2025, respectively.

The Stakeholders' Relationship Committee meeting, which concluded at 10:45 a.m. (IST), finalized this allotment.