Jio Financial Services Limited — JV/Acquisition, 18-06-2025: Acquisition

Jio Financial Services has acquired a 100% stake in Jio Payments Bank Limited by purchasing 7.91 crore shares from State Bank of India for Rs 104.54 crore. This move fully consolidates Jio Payments Bank as a subsidiary, strengthening Jio Financial’s foothold in digital banking and payments. The acquisition enhances Jio’s capability in fintech and broadens its ecosystem in financial services, positioning it well for future growth in India’s expanding digital finance market. No immediate financial impact details were disclosed.