{
  "id": 17206361,
  "title": "Jio Financial Services promoter holding rises to 50.98% after 25 crore share allotment",
  "url": "https://urgent.news/2026/10/30/jio-financial-services-promoter-holding-rises-to-50-98-after-25-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T09:42:56.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/jio-financial-services-promoter-holding-rises-to-5098-after-25-crore-share-allotment/article71644488.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}