Jio Financial Seals ₹1.05 Billion Deal—Is a Digital Banking Revolution Brewing?

Unknown Apr 02, 2026 1,200 Views

In a strategic consolidation move, Jio Financial Services Ltd (JFSL) has acquired 79.08 million equity shares of Jio Payments Bank Ltd (JPBL) from the State Bank of India (SBI) for a total consideration of ₹1.05 billion. This acquisition significantly boosts JFSL’s ownership in JPBL, reinfo...