Jio Financial details use of preferential issue funds

Jio Financial Services has reported the utilization of proceeds from its preferential issue of convertible warrants for the quarter ended September 30, 2025. The company issued up to 50 crore warrants at an issue price of ₹316.50 per warrant, totaling ₹15,825.00 crore upon full conversion. As of September 30, 2025, ₹3,956.25 crore, representing 25% of the issue size, has been received as a subscription amount.

Of the total received amount, ₹823.80 crore has been utilized for infusing funds into existing and new subsidiaries/joint ventures. Specifically, ₹23.80 crore was infused into Jio Finance Platform and Service Limited and ₹800.00 crore into Jio Credit Limited, both subsidiaries. The remaining ₹11,044.95 crore from this allocation is yet to be received, pending warrant conversions by March 2027.

For general corporate purposes, ₹0.45 crore was utilized during the quarter, primarily for vendor payments for Business Infra Support services and stamp duty to NSDL. The unutilized portion for general corporate purposes stands at ₹3,955.80 crore. The Monitoring Agency Report, issued by CRISIL Ratings Limited, confirms no deviation from the stated objects for the issue proceeds.