By Admin 
Jio financial services: The Ambani family is preparing to increase its stake in Jio Financial Services. Mukesh Ambani’s family can place a big bet on Jio Financial Services today (30 July). The company informed in its exchange filing that on July 30, a meeting of Geo Financial Services is going to be held, which will be considered to raise funds through rights or preferred issues or qualified institutional placements (Jio Financial QIP) through equity shares or warrant.
Preparation to increase its current stake in the company
In fact, the Ambani family can increase its current 47 percent stake in Jio Financial Services to 51 percent. This will strengthen their control in the company. According to the Business Standard report, in this sequence, the Ambani family can place a big bet of Rs 10,000 crore on Jio Financial Services.
The company said, on July 30, a meeting of the Board of Directors is going to be held, in which the methods of raising funds through securities / equity shares / warrants will be considered. In this, the rights issue, preferred issue, appointment of qualified institutions or any other methods can also be thought about raising funds. This amount will be used for the growth of segment like digital finance, lending capacity and payment services.
The company’s first quarter results
Earlier this month, Geo Financial Services announced its first quarter results of the business year 2025-26. During this period, the company’s profit stood at Rs 324.66 crore, which is 3.85 % higher than the same quarter of the previous year. The company’s operational revenue recorded Rs 612.46 crore, which reflects a gain of 46.58 % against Rs 417.82 crore recorded in the first quarter of FY 25.
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