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Mukesh Ambani’s family is likely to invest a large amount in Jio Financial Services’ upcoming fundraising plan which could go up to Rs. 10000 crore. As per a report in Business Standards the company’s board will meet on Wednesday to look at different ways to raise this money. Some of the options being considered include offering new shares to existing shareholders (rights issue) selling shares to selected investors (preferential allotment) or inviting big institutions to invest (qualified institutional placement). They may also choose a mix of these methods. At the moment the Ambani family owns about 47.1 per cent of the company. But after this fundraise their share could go above 51 per cent which would give them majority control. The price of the new shares is expected to be set between Rs. 318 and Rs. 325 each based on talks held by the company’s board on July 30 2025. Jio Financial Board to discuss fundraising plan today Jio Financial Services part of the Reliance Group will hold a board meeting on Wednesday to talk about raising money for the company. In an exchange filing Jio Financial Services informed exchanges that the meeting of the Board is scheduled for July 30 2025 to consider and approve proposals for raising funds. The money raised will likely be used for business growth and expansion in areas such as digital finance lending and payments. Jio Financial has been growing fast and is working on several new projects including a partnership with BlackRock to start a new asset management business and the complete takeover of Jio Payments Bank. ...a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday July 30 2025 to consider and evaluate proposals for raising funds by way of issue of securities/equity shares / warrants including through rights issue preferential issue qualified institutions placement or any other methods or combination thereof including determination of issue price subject to such regulatory / statutory approvals as may be required the BSE 100 company stated in its filing. Jio Financial Services carved out of Mukesh Ambani-led Reliance Industries Ltd is engaged in the business of investing and financing insurance broking payment bank and payment aggregator and payment gateway services. Jio Financial Reports 4% rise in profit for April–June quarter Jio Financial Services announced on July 17 that its net profit for the April–June quarter of 2025 rose by 4 per cent reaching Rs. 325 crore. In the same quarter last year the company had earned Rs. 313 crore showing a steady improvement in its earnings. The company’s total income also saw a strong jump. It increased to Rs. 619 crore in the June 2025 quarter compared to Rs. 418 crore during the same period in 2024.