Jio Financial Services raised ₹3,956 crore by issuing 50 crore warrants at ₹316.50 to its promoter group. It was allotted on a preferential basis to its two promoter group entities, marking a significant capital infusion. The warrants were distributed equally between Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited with each entity receiving 25 crore warrants.