Jio Financial Services promoter holding rises to 50.98% after 25 crore share allotment
The latest allotment increases the company’s paid-up equity capital to ₹6,853.14 crore, with total paid-up shares reaching 685.31 crore.
Jio Financial Services Limited (JIOFIN) has announced the allotment of 25 crore equity shares to two of its promoter-group entities, Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, through the conversion of remaining warrants. The allotment, which took place at a face value of ₹10 each with a premium of ₹306.50 per share, was approved by the Stakeholders’ Relationship Committee of the Board of Directors.
The move has increased the company's paid-up equity share capital to ₹6,853.14 crore and raised the total number of paid-up equity shares to 685.31 crore. As a result, the combined holding of the promoters and their group entities has risen to 50.98 per cent, up from 49.13 per cent.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
