India, July 30 -- The board of Jio Financial Services on Wednesday approved a fund infusion of Rs 15,825 crore via a preferential issue of convertible warrants to promoter group members.
Currently, promoters—including the Ambani family and various group holding entities—hold a 47.12% stake in the company. Following the preferential allotment, their shareholding is expected to rise to 54.19%.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....