08:30:00 AM IST, 30 Jul 2025
Sensex Today | Stock Market LIVE Updates: Jio Financial board to discuss fundraise plans today
Jio Financial Services is exploring multiple fundraising options, including equity shares, warrants, or a qualified institutional placement (QIP), following a board meeting on Wednesday. The promoters, including the Ambani family, are expected to raise their stake to 51% through a preferential issue priced at ₹318 per share, potentially bringing in ₹8,000 crore.