Jio Financial Services Limited has allotted 25 crore equity shares to promoter group entities following the conversion of warrants issued on a preferential basis, according to an exchange filing.
The company said its Stakeholders’ Relationship Committee approved the allotment of 25,00,00,000 equity shares of face value ₹10 each at a premium of ₹306.50 per share, which translates to a premium of around 30% over the current market price of ₹235.
The shares have been allotted to promoter group entities including Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited as part of the earlier issuance of 50 crore warrants announced in September 2025.
Following the allotment, the company’s paid-up equity share capital has increased from ₹6,353.14 crore to ₹6,603.14 crore, while the total number of shares has risen from 635.31 crore to 660.31 crore.
The transaction has also led to an increase in promoter and promoter group shareholding, which now stands at 49.13%, up from 47.12% earlier.
On an individual basis, Sikka Ports & Terminals Limited’s stake has increased to 2.93% from 1.08%, while Jamnagar Utilities & Power Private Limited now holds 3.84% compared to 2.02% earlier.
The company noted that the allotment was executed upon conversion of 25 crore warrants, with additional conversions expected in line with the original issuance terms.
Meanwhile, shares of Jio Financial Services were trading at ₹235.