Jio Financial Services Limited (JIOFIN) on Friday allotted 12.5 crore equity shares each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited, two promoter-group entities, by converting the remaining warrants they held. The shares were allotted at a face value of ₹10 each at a premium of ₹306.50 per share. The Stakeholders’ Relationship Committee of the Board of Directors approved the allotment at a meeting held today, which concluded at 10:10 a.m.
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