Jio Financial Services shares rise 3% as Mukesh Ambani and promoter group to infuse ₹16,000 crore

This will be done to strengthen the balance sheet of the NBFC.

The fund infusion will take place through preferential issue of convertible warrants to 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 50 crore 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.

Post issue, Sikka Ports & Terminals Ltd.'s holding in the company would increase from 1.08% to 4.65%, while Jamnagar Utilities and Power Private Ltd.'s holding would more than double from 2.02% to 5.52%, it said.

Jio Financial Services Q1 FY26 results

The company on Thursday, July 17, posted a 4% year-on-year (YoY) jump in its net profit to ₹324.66 crore in the June quarter (Q1 FY26) from ₹312.63 crore in the year-ago period.

The company reported a revenue of ₹612.46 crore for the reporting quarter, up 46.5% from ₹417.82 crore in Q1 FY25.

The firm's total income increased to ₹619 crore in Q1 FY26 from ₹418 crore in the year-ago period. Its total expenses also witnessed a 228% YoY increase at ₹261 crore as compared to ₹79 crore in the same quarter a year ago.

During the reporting quarter, its interest income doubled to ₹363 crore as against ₹162 crore in Q1 FY25.

Jio Financial and Allianz Group deal

In July 2025, Jio Financial Services (JFSL) and Allianz Group of Germany, through its wholly owned subsidiary Allianz Europe B.V., entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India.

The reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities, a joint statement made late in the evening said.

The joint venture will leverage Allianz's existing Allianz Re and Allianz Commercial portfolios and activities in India. It will also benefit from Allianz's global setup, including its pricing, risk selection, and portfolio management expertise, the statement said.

Jio Financial Services, carved out from Reliance Industries Ltd., is a core investment company, or CIC, registered with the Reserve Bank of India (RBI).

It operates its financial services business through consumer-facing entities, including Jio Credit Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd., and Jio Payments Bank Ltd.