Mukesh Ambani makes BIG move, set to infuse nearly Rs 16000 crore in this company, its business is…
The company reported that the consolidated net profit was a 4 percent increase in 325 RS in the first quarter of June 2025, and a year ago, the same quarter of 313 RS Crore.
India Billionaire Machine Ambani and Supporter Group will instill 15,825 RS in Jio Financial Services (JFS), which will have more than 51 percent shares in the financial services company. This impact decision was taken at the Board of Directors meeting on Wednesday, July 30, with the preference number of warrants that can be converted into members of the transformation group. Jio Financial supporters, including the Ambani family and different group holding assets, have 47.12 percent of the company. After preference, the supporting group will be up to 54.19 percent.
Jio Financial Services Fund Raising Approved
At the meeting on Wednesday, the Board approved fund collection by exporting Crore order up to 50 at a price of 316.5 RS per unit. Each order can be converted into a full -paid share share with a premium of 306.50 RS, each collected up to 15.825 RS on a special settlement for two supportive assets, each with a premium of 306.50 RS.
Jio Financial Services
Jio Financial Services, carved from Reliance Industries Ltd in 2023, is engaged in investment and financing, insurance broker, payment bank, payment collector and payment networking services. The market value of the company is currently RS 2.10 Lakh Crore as of July 31. The company’s share price was closed on Thursday at 329 RS.
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Jio Financial Services Quarter Results
Jio Financial Services Ltd., an increase of 4% of consolidated net profit in the first quarter ended in June 2025, reportedly opposed 313 RS Crore in the same quarter a year ago. The total income of the company rose to 619 RS against 418 RS in June quarter of the previous year. During the period, interest income doubled a year ago against the 162 RS Crore in the same quarter to 363 RS Crore.
(With inputs from PTI)
