Mumbai, March 4 -- The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of Indiafor an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company.

Published by HT Digital Content Services with permission from Capital Market....