Jio Financial board to meet today to consider fundraising options; Reports say Ambani family likely to invest big
Mukesh Ambani’s family is expected to invest a large amount in Jio Financial Services’ fundraising plan, scheduled for today (July 30). According to a report by Business Standard that cited people familiar with the matter, the investment could go up to Rs 10,000 crore.
The report further maintained that the Ambani family is likely to increase their stake from the current 47 per cent to more than 51 per cent, which would give them majority control.
Jio Financial board meeting today
Earlier in an exchange filing, Jio Financial Services had announced that its board of directors will meet on Wednesday to consider raising funds through equity shares or warrants in a rights or preferential issue, or a qualified institutional placement (QIP). The company might explore any other method, too, for raising funds, it had added.
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 funds raised are expected to support business expansion and growth in segments like digital finance, lending, and payment services.
Jio Financial’s Q1FY26 performance
Earlier this month, Jio Financial Services had released its first quarter earnings report for FY26 with profit at Rs 324.66 crore. This was 3.85 per cent higher in comparison to Rs 312.63 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 612.46 crore, reporting a jump of 46.58 per cent as against Rs 417.82 crore recorded during the first quarter of FY25.
Jio Financial Services is a spin-off from Reliance Industries and operates in areas including investment and financing, insurance broking, and services such as payments banking, payment aggregation, and payment gateways.