In a move to strengthen the balance sheet billionaire Mukesh Ambani and his promoter group will infuse Rs 15825 crore into Jio Financial Services increasing their stake in the company to over 51%. The decision was approved at a board meeting held on Wednesday through a preferential issue of convertible warrants to members of the promoter group. Currently the promoters including the Ambani family and various group holding entities hold a 47.12% stake in the financial services arm. After the preferential allotment their shareholding will rise to 54.19%. The board in its meeting on Wednesday approved raising of funds through issuance of up to 50 crore warrants for cash at a price of Rs 316.50 per unit. How Will Ambani’s Infuse Capital In Jio Financial Services? Each warrant is convertible into one fully paid-up equity share of the company of face value of Rs 10 each at a premium of Rs 306.50 each aggregating up to Rs 15825 crore by way of preferential issue on a private placement basis to the two promoter entities it said. Post issue Sikka Ports & Terminals Ltd holding in the company would increase from 1.08 per cent to 4.65 per cent while Jamnagar Utilities and Power Private Ltd holding would more than double from 2.02 per cent to 5.52 per cent it said. Jio Financial Services Q1 Results Jio Financial Services Ltd (JFSL) reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025 as against Rs 313 crore in the same quarter a year ago. The companys total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year. During the period interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year ago. Total expenses increased significantly to Rs 261 crore from Rs 79 crore in the same quarter of last year. JFSL in the quarter acquired 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India representing 14.96 per cent of equity share capital of JPBL for Rs 104.54 crore. Consequently JPBL has become a wholly-owned subsidiary effective from June 18 2025. Exceptional item represents the excess of fair value gain on remeasurement of investment in JPBL of Rs 439.16 crore over the goodwill of Rs 410.59 crore relating to this acquisition it said. (With Inputs From PTI)