Jio Financial share price: RIL chairman Mukesh Ambani and his promoter group will infuse ₹15,825 crore in Jio Financial Services

 

  • Jio Financial share price: RIL chairman Mukesh Ambani and his promoter group will infuse ₹15,825 crore in Jio Financial Services, 

  • which would make them hold over a 51% stake in the financial services firm.
  • Jio Financial Services: Shares of Jio Financial Services (JFSL), the non-banking finance company (NBFC) and a subsidiary of Reliance Industries (RIL), rallied as RIL chairman Mukesh Ambani and his promoter group will infuse ₹15,825 crore in Jio Financial Services, which would make them hold over a 51% stake in the financial services firm.
  • The fund infusion will take place through preferential issue of convertible warrants to the promoter group.
  • Jio Financial promoters, including the Ambani family and different group holding entities, together own 47.12% of the company.
  • Post preferential issuance, promoter group holding would go up to 54.19%.
  • Jio Financial and Allianz Group deal

  • In July 2025, Jio Financial Services (JFSL) and Allianz Group of Germany, through its wholly owned subsidiary Allianz Europe B.V., entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India.

    The reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities, a joint statement made late in the evening said.

    The joint venture will leverage Allianz's existing Allianz Re and Allianz Commercial portfolios and activities in India. It will also benefit from Allianz's global setup, including its pricing, risk selection, and portfolio management expertise, the statement said.

    Jio Financial Services, carved out from Reliance Industries Ltd., is a core investment company, or CIC, registered with the Reserve Bank of India (RBI).

    It operates its financial services business through consumer-facing entities, including Jio Credit Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd., and Jio Payments Bank Ltd.

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