Jio Financial Services Limited (JFSL) has approved raising up to ₹15,825 crore through the issue of 50 crore convertible warrants. Each warrant is priced at ₹316.50, including a face value of ₹10 and a premium of ₹306.50.
The issue will be made on a preferential basis to members of the promoter group, subject to shareholder and regulatory approvals.
The promoter group, which currently holds 47.12% in JFSL, will see its stake rise to 54.19% after the conversion of warrants. Sikka Ports & Terminals Ltd’s holding will increase from 1.08% to 4.65%, while Jamnagar Utilities and Power Private Ltd’s holding will go from 2.02% to 5.52%. Warrants can be converted within 18 months from allotment.
For the quarter ending June 2025, JFSL reported a consolidated net profit of ₹325 crore, up from ₹313 crore in the same period last year. Total income rose to ₹619 crore from ₹418 crore. Interest income doubled to ₹363 crore, compared to ₹162 crore in the year-ago quarter.
Total expenses increased to ₹261 crore from ₹79 crore. During the quarter, JFSL acquired 7.9 crore shares of Jio Payments Bank Ltd from State Bank of India for ₹104.54 crore. This brought Jio Payments Bank under full ownership of JFSL as of June 18, 2025.
An exceptional item was recorded, representing the fair value gain on remeasurement of the JPBL stake over the associated goodwill. The fair value gain stood at ₹439.16 crore, while goodwill was ₹410.59 crore.
Jio BlackRock, a 50:50 joint venture between JFSL and BlackRock, received SEBI approval to launch 4 passive mutual fund schemes. These include funds tracking Nifty Midcap 150, Nifty Next 50, Nifty Smallcap 250, and the Nifty 8–13 year G-Sec index.
Read more: Jio Financial Services Q1 Business Update: Profit Rises 3.85% as Revenue and Interest Income Soar!
As of 9:32 AM on July 31, 2025, Jio Financial Services share price was trading at ₹329.30, a 2.81% increase.
With the warrant issue and full ownership of Jio Payments Bank, JFSL has expanded both its capital base and control within its group entities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 31, 2025, 10:17 AM IST
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