Jio Financial Services Board Meeting Today to Discuss Fundraising; Ambani Promoters May Increase Stake to 51%

The board of Jio Financial Services Ltd (JFSL), a key entity in Mukesh Ambani's Reliance Group, is scheduled to meet on Wednesday, July 30 to consider raising capital via equity shares or warrants, according to its stock exchange filing. Options include a rights issue, preferential allotment, or a Qualified Institutional Placement (QIP), with the possibility of exploring other funding routes as well.

Jio Financial Services Board Meeting Today: Ambani Family Likely To Increase Stake in Jio Finance

In an exchange filing, The company said, "...a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 30, 2025, to consider and evaluate proposals for raising funds by way of issue of securities / equity shares / warrants including through rights issue, preferential issue, qualified institutions placement or any other methods or combination thereof including determination of issue price subject to such regulatory / statutory approvals as may be required."

The promoters of Jio Financial Services, including the Ambani family and various group holding entities, currently hold 47.12% of the company. According to Business Standard reports, they are likely to increase their stake to 51% through a preferential issue which could go up to Rs. 10,000 crore. Shares are expected to be priced at Rs 318 each, potentially injecting around Rs 8,000 crore into the company.

Jio Finance Share Price Ahead of Board Meeting

NSE: JIOFIN; Jio Financial Services Ltd was trading at Rs 323.10 per share at 11:18 am on July 30, up Rs 2.00 or 0.62% on the day. It opened at Rs 323.00 and saw an intraday high of Rs 324.00 and a low of Rs 320.25. The stock has a 52-week high of Rs 363.00 and a 52-week low of Rs 198.65.

Financial Performance and Growth

Jio Financial's expenses surged to Rs 261 crore in June 2025 from Rs 79 crore a year prior. This increase was attributed to higher finance and employee costs. Meanwhile, total income rose by 48%, reaching Rs 619 crore compared to Rs 418 crore in the previous year.

The company's non-banking financial company (NBFC) arm, Jio Credit (JCL), reported total assets under management of Rs 11,665 crore at the end of June 2025, up significantly from Rs 217 crore a year ago.

Jio Credit and JioBlackRock: Asset Growth Across Segments

The NBFC arm Jio Credit Limited (JCL) continues to scale rapidly, with Assets Under Management (AUM) hitting Rs 11,665 crore at quarter-end, up dramatically from Rs 217 crore a year prior.

JFSL's joint venture with BlackRock, JioBlackRock Asset Management, also gained traction with its debut debt-cash fund raised over Rs 17,800 crore and its AUM now exceeds Rs 17,800 crore, placing it among India's top 15 fund houses by debt assets.