Transaction Details
Jio Financial Services Limited allotted 25,00,00,000 (25 crore) equity shares of face value of ₹10 each at a premium of ₹306.50 per share to two promoter group entities:
- 12,50,00,000 shares to Sikka Ports & Terminals Limited
- 12,50,00,000 shares to Jamnagar Utilities & Power Private Limited
The allotment represents conversion of the balance warrants held by these entities, following previous disclosures dated September 3, 2025 (warrant allotment) and April 21, 2026 (partial conversion of 12.5 crore shares each).
Capital Structure Impact
| Particulars | Pre-allotment | Post-allotment |
| Paid-up equity shares (number) | 660,31,41,623 | 685,31,41,623 |
| Paid-up equity share capital (₹) | 6,603,14,16,230 | 6,853,14,16,230 |
Shareholding Pattern Changes
| Entity | Pre-allotment Holding | Post-allotment Holding |
| Sikka Ports & Terminals Limited | 2.93% | 4.65% |
| Jamnagar Utilities & Power Private Limited | 3.84% | 5.52% |
| Promoter and promoter group (combined) | 49.13% | 50.98% |
Approval and Timing
The Stakeholders' Relationship Committee of the Board of Directors approved the allotment at its meeting held on October 30, 2026. The meeting concluded at 10:10 a.m. (IST).