The promoter stake in Jio Financial Services will go above 54% from 47.12% after the infusion of ₹15,825-crore by the Ambani family via preferential issue of convertible warrants to the promoter group. Funds will be raised through issuance of 50 crore warrants for cash at ₹316.50/unit. Sikka Ports Terminals and Jamnagar Utilities & Power will receive 25 crore warrants each.