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Ambani family's stake may top 51% in Jio Fin
Business Standard
|July 30, 2025
Board likely to discuss ₹10,000 cr fundraise proposal today
The Mukesh Ambani family is expected to invest a significant portion in Jio Financial Services Ltd's capital raise of up to ₹10,000 crore.
The company's board will meet on Wednesday to evaluate a range of fundraising options, including a rights issue, preferential allotment, qualified institutional placement, or a combination thereof, according to people familiar with the matter.
The promoters—the billionaire Ambani family—are likely to increase their stake from the current 47 per cent to more than 51 per cent, they said.
The new shares are expected to be priced between ₹320 and ₹325 each, subject to board and regulatory approvals. Shares of Jio Financial closed at ₹321 apiece on Tuesday, valuing the company at ₹2.03 trillion.
This story is from the July 30, 2025 edition of Business Standard.
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