Jio Financial Services Limited — JV/Acquisition, 25-06-2025: Acquisition

Jio Financial Services has invested Rs 190 crore to acquire 100% equity in its wholly owned subsidiary, Jio Payments Bank Limited, by subscribing to 19 crore shares at par. This capital infusion strengthens the payments bank’s financial base, supporting Jio Financial’s goal to expand its fintech and digital payment footprint. The deal is internal and at arm’s length, implying no immediate external funding or dilution. This move underlines Jio Financial’s push into the digital banking ecosystem, potentially boosting its transaction volume and fee income over time.