FILE PHOTO: Jio Financial Services has completed the allotment of 25 crore equity shares to promoter-group entities Sikka Ports & Terminals and Jamnagar Utilities & Power.
| Photo Credit:
FRANCIS MASCARENHAS
Jio Financial Services Limited (JIOFIN) on Friday allotted 12.5 crore equity shares each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, two promoter-group entities, by converting the remaining warrants they held. The shares were allotted at a face value of ₹10 each at a premium of ₹306.50 per share.
The Stakeholders’ Relationship Committee of the Board of Directors approved the allotment at a meeting held today, which concluded at 10:10 a.m. IST.
This brings the total equity shares allotted under the warrant conversion to 25 crore, completing a process that began in September 2025, when the Board allotted 25 crore warrants to each entity on a preferential basis. The company allotted an earlier tranche of 12.5 crore shares each to the two entities on April 21, 2026.
Following the allotment, the company’s paid-up equity share capital has risen from ₹6,603.14 crore to ₹6,853.14 crore. The total number of paid-up equity shares now stands at 685.31 crore.
Sikka Ports & Terminals’ stake has increased from 2.93 per cent to 4.65 per cent, while Jamnagar Utilities & Power’s holding has risen from 3.84 per cent to 5.52 per cent. Combined promoter and promoter group holding now stands at 50.98 per cent, up from 49.13 per cent.
Published on October 30, 2026
