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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Jio financial services share: After the rise of four consecutive days, the Indian stock market saw a decline today. In early trade, the BSE Sensex slipped 182.77 points to open at 83,876.13, while the NSE Nifty opened at 25,591.55 with 46.25 points. However, in the midst of all this, on Monday, June 30, the price of Jio Financial shares jumped.

In the last five days, so much boom

This is the fifth consecutive session when the company’s shares have gained an edge. During this time, the stock of Mukesh Ambani’s company has gained up to 13 percent. The company’s shares came up when different businesses got back-to-back approval. With this, Jio Financial has become a complete investment platform.

The company recently received approvals

Last Friday, Jio Blackrock Broking received approval from SEBI to start the operation as a brokerage firm. It is a 50:50 joint venture between the Broking Unit JioBacrock Investment Advisors, Jio Financial Services and the US Blackrock Inc.

Recently, Jio Blackrock Asset Management Private Limited and Jio Blackrock Investment Advisors have also received approval to start the operation. This has increased the trust of investors. Jio is also strengthening its hold in the financial digital payment segment.

The company has recently invested 190 crores in Jio Payments Bank. Along with this, Jio Financial Services has also acquired the full ownership of Jio Payments Bank by purchasing 17.8 percent stake from State Bank of India.

Company march quarter results

The net profit of Geo Financial Services was around Rs 316 crore in the fourth quarter of FY25. Which reflects the lead of 2 percent compared to the same period last year. The company’s operational revenue has also increased by 18 percent to Rs 493.24 crore. However, there was also a slight decline of 4.5 percent in the net interest income, which was Rs 268.09 crore. The company’s board has also announced its first dividend of Rs 0.50 per equity share.

Shares of Geo Financial Services

On Monday, June 30, the price of Jio Financial shares reached the Intrade High of Rs 331.90, which shows a growth of about 2.5. In the last five sessions, the share price has gained up to 10 percent. In the last one month, the share price has increased by about 14 percent.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Jio Black Asset Management, made by Mukesh Ambani -owned Jio Financial Services and Global Investment Global Investment Blackrock’s partnership, has announced its leadership team on Monday, June 9, 2025. Also, the company has launched its website and has also started the facility of ‘Early Access’.

The company said in the official statement, “Jio Blackrock announces its appointment and website launch of its executive leadership team, including a special ‘early access initiative’.” Through this ‘Early Access’, interested investors and common people can register their interest for Jio Blackrock’s digital-first mutual fund offering.

Who are in the leadership team?

Isha Ambani, who is the non-executive director of Geo Financial Services.

Amit Bhosle has been made Chief Risk Officer (CRO). He has previously worked in Bank of America and ICICI Bank.

Amol Pi has been appointed as Chief Technology Officer (CTO). He has previously served in Jio Finance Limited and State Bank of India.

Gaurav Nagori, who has previously lived in DSP, Franklin Templeton and JM Financial, will now be the Chief Operating Officer (COO) of the company.

Birja Tripathi has been made the head of product. He has worked in Kotak Mutual Fund, Aditya Birla and SBI Life.

Disha Bhandari, who has two decades of experience in the Human Resources (HR) region, has become a head of HR.

Apart from this, Hemanti Wadhwa (Head of Legal) and Komal Narang (Chief Client Officer) have also been appointed to the main posts.

On 27 May 2025, Sid Swaminathan was appointed as MD and CEO of the company, when SEBI was allowed to start mutual fund business.

Jio financial performance in the stock market

On Monday 9 June 2025, the company shares were trading at Rs 304.50, which was 3.59 per cent higher than the previous closing price of Rs 293.95. Since the company’s shares were listed in August 2023, investors have given 41.31 percent returns. However, the stocks have fallen 13.5 percent in the last one year. Since the beginning of 2025, the stocks are 0.44 per cent below, but the last five trading sessions have increased by 6.11 per cent. The stock has a 52-wheel high 368.30 (20 June 2024) and 52-wheel Low 198.60 (3 March 2025). On 9 June 2025, the company’s market value was more than Rs 1.92 lakh crore.

Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.

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Jio financial services: Reliance Industries Group’s company Geo Financial has announced the result of the March quarter on Thursday. Also, the company has also announced a strong dividend for its shareholders. This will be the first cash reward to be given to shareholders by Geo Financial Services Limited. The Board of Directors of Geo Financial Services have recommended a dividend of Rs 0.50 per share for the financial year ended March 31, 2025.

The company said in its exchange filing, it has been recommended to give a dividend of Rs 0.50 on each equity share with a face value of Rs 10 for the financial year ended on March 31, 2025. However, the company has not given information about record date and payment date for dividend with the result of the result. The company has said in the exchange filing that its information will be given at the right time.

The company’s net profit in Q4 so much

Jio Financial Services Limited said on Thursday that the company recorded a growth of Rs 316.11 crore with a gain of 1.8 percent at the consolidated net profit in the fourth quarter of the financial year ended March 31, 2025. Whereas in the same quarter of the last financial year 2023-24, the company’s net profit was Rs 310.63 crore. It was 295 crores in the third quarter. The company’s revenue was 518 crores, which was 418 crores in the fourth quarter of the last financial year. It shows an increase of 24 percent in a year.

What is dividend?

When the company gives some part of its profit to its shareholders, it is called dividend. This is a kind of award given to shareholders for investment in the company.

Company share performance

On Thursday, the shares of Geo Financial Services closed at Rs 246.45 on BSE, which is 1.73 % higher than the previous closed price of Rs 242.25. On Thursday, the stock opened at Rs 242.75 and touched the Intrade High of Rs 248 in day business. At the same time, the minimum level of stock was Rs 238.25.

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