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Mint Bangalore
|July 31, 2025
In a bid to strengthen its balance sheet, billionaire Mukesh Ambani and his promoter group will infuse ₹15,825 crore in Jio Financial Services, giving them over 51% stake in the financial services firm.
The decision to this effect was taken in the board meeting on Wednesday through preferential issue of convertible warrants to members of the promoter group.
Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12% of the company.
Post preferential issuance, promoter group holding would go up to 54.19%.
The board in its meeting on Wednesday approved raising of funds through issuance of up to 500 million warrants for cash at a price of ₹316.50 per unit.
Each warrant is convertible into one fully paid-up equity share of the company of face value of ₹10 each at a premium of ₹306.50 each, aggregating up to ₹15,825 crore, by way of preferential issue on a private placement basis to the two promoter entities, it said.
Cette histoire est tirée de l'édition July 31, 2025 de Mint Bangalore.
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