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JFS will be looking to raise $1.8 Bn via a private placement of convertible warrants to members of its promoter group, Sikka Ports & Terminals and Jamnagar Utilities & Power Pvt Ltd
In an exchange filing, the company said that its board approved the issuance of up to 50 Cr warrants for INR 316.5 each
While JFS didn’t disclose the reason behind the fundraise, the funding comes at a time when it is putting its fintech super app plans in motion
Fintech major Jio Financial…
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JFS will be looking to raise $1.8 Bn via a private placement of convertible warrants to members of its promoter group, Sikka Ports & Terminals and Jamnagar Utilities & Power Pvt Ltd
In an exchange filing, the company said that its board approved the issuance of up to 50 Cr warrants for INR 316.5 each
While JFS didn’t disclose the reason behind the fundraise, the funding comes at a time when it is putting its fintech super app plans in motion
Fintech major Jio Financial…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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