Shareholding23 Apr 2026, 08:28 am
Jio Financial: Sikka Ports & Others Increase Stake
AI Summary
Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Limited, as acquirers and Persons Acting in Concert (PAC), increased their shareholding in Jio Financial Services Limited following the allotment of 25,00,00,000 equity shares upon conversion of warrants on April 21, 2026. This acquisition has increased the promoter and promoter group's aggregate shareholding in Jio Financial Services from 47.12% to 49.13%.
Key Highlights
- Sikka Ports & Terminals and Jamnagar Utilities acquired shares of Jio Financial via warrant conversion.
- Sikka Ports acquired 12,50,00,000 shares, increasing its stake to 2.930%.
- Jamnagar Utilities acquired 12,50,00,000 shares, raising its stake to 3.839%.
- Promoter group's total shareholding in Jio Financial increased to 49.13%.
Price Impact
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