Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The preferential issue is being made on a private placement basis to two promoter group companies, Sikka Ports & Terminals and Jamnagar Utilities and Power. Post-conversion, the promoter group's total stake could rise from 3.10% to 10.17%, reflecting a significant increase in promoter commitment.
Sikka Ports' holding could jump from 1.08% to 4.65%, while Jamnagar Utilities would rise from 2.02% to 5.52%, assuming full conversion.
Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank.
The company's consolidated net profit rose 3.83% to Rs 325 crore while total income jumped 48.09% to Rs 418 crore in Q1 June 2025 over Q1 June 2024. The pre-provisioning operating profit stood at Rs 366 crore, up 8%, while profit before tax rose 4.5% to Rs 419 crore during the period under review.