New Delhi, July 31 -- Jio Financial Services share price climbed more than 3.5% during Thursday's trading session despite a sluggish market following Trump's warning of a 25% tariff and penalties.

Jio Financial Services shares saw an upward trend after the announcement that the company's board has sanctioned a strategy to raise as much as Rs.15,825 crore through the preferential issuance of 50 crore warrants.

These warrants will be available for cash at a price of Rs.316.50 each, which consists of a face value of Rs.10 and a premium of Rs.306.50. Each warrant is convertible into one fully paid equity share and will be issued on a private placement basis to entities within the promoter group, subject to approval from shareholders and reg...