The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sikka Ports & Terminals Ltd and Jamnagar Utilities ....
JIOFIN · price
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Sikka Ports & Terminals Ltd (SPTL) and Jamnagar Utilities & Power Pvt Ltd (JUPL), both part of the promoter/promoter group of Jio Financial Services, disclosed acquisition of 25 crore warrants each on September 3, 2025, via preferential allotment. Each entity's warrant holding represents 3.648% of the diluted share capital. Before the allotment, SPTL held 1.078% (6.85 crore shares) and JUPL held 2.022% (12.85 crore shares) in direct equity. After the warrants are issued, total diluted equity capital rises to 685.31 crore shares from the existing 635.31 crore, reflecting the potential dilution once warrants convert. The acquisition was disclosed under SEBI Takeover Regulations Reg 29(2).
Signals strong promoter confidence and continued commitment to Jio Financial Services, as promoter group entities are putting in fresh capital through warrants. This is likely to be viewed positively by the market as it reinforces promoter backing, though it could dilute existing shareholders if and when warrants are converted into equity.