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SUMMARY
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…
