Jio Financial Services acquires additional stake in Jio Payments Bank

27 Aug 2024 Evaluate

Jio Financial Services (JFSL) has subscribed to 6,80,00,000 equity shares of Rs 10 each of Jio Payments Bank (JPBL), for cash at par, aggregating Rs 68 crore for its business purposes. Post this investment, the company’s holding in JPBL has increased from 78.95% to 82.17%. The investment is a related party transaction and is on arm’s length basis.

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).


JIO Financial Serv. Share Price

253.00 -5.70 (-2.20%)
25-Apr-2025 16:59 View Price Chart
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Company Name CMP
Bajaj Finance 9111.20
Shriram Finance 655.65
Aditya Birla Capital 195.90
SBI Cards AndPayment 866.05
Mah & Mah Finl. Serv 264.55
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