Promoter and promoter-group ownership at Jio Financial Services Limited rose to 50.98% after a 250 million-share warrant conversion, while Moneycontrol’s 11:49 p.m. ET Monday, Nov. 2 (10:19 a.m. IST Tuesday) quote showed the stock up 1.09%.
Moneycontrol listed the shares at ₹215.58, up ₹2.33 from the previous close of ₹213.25. The Economic Times’ liveblog later recorded ₹215.75 at 12:15:05 a.m. ET Tuesday (10:45:05 a.m. IST), a 1.18% gain, followed by ₹215.27 at 12:16:57 a.m. ET (10:46:57 a.m. IST), up 0.95%.
In an Oct. 30 filing to the National Stock Exchange of India Limited, Jio Financial said it allotted 125 million shares each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited after conversion of the balance warrants. The issue price was ₹316.50 a share, comprising a ₹10 face value and a ₹306.50 premium.
The allotment brought paid-up shares to 6,853,141,623 from 6,603,141,623. Promoter and promoter-group ownership rose from 49.13% to 50.98%.
The filing’s chronology lists an initial warrant allotment on Sept. 3, 2025, and a prior share allotment to both entities on April 21, 2026. Each company received 125 million shares in that earlier allotment.
