Jio Financial Services Limited — JV/Acquisition, 27-03-2025: Acquisition

Jio Financial Services has subscribed to and been allotted 8.5 crore equity shares of Jio Payments Bank Limited at a cash price of ₹10 each, totaling ₹85 crore. This investment increases Jio Financial's stake in JPBL from 82.17% to 85.04%. The funding aims to support JPBL's business operations and is structured as a related party transaction on an arm's length basis. This move could enhance Jio Financial's influence in the banking sector and potentially drive greater operational efficiencies.