New Delhi, June 19 -- Jio Financial Services share price fell over 1.5 per cent on NSE in Thursday's trading session due to selling pressure. The financial services company shares opened in green in early morning trade, however, slipped in red touching an intraday low to Rs.285.30 apiece.

Jio Financial Services Limited announced that it had acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India for Rs.104.54 crore. The transaction had received approval from the Reserve Bank of India on June 4, 2025.

After the transaction, Jio Payments Bank is now a fully-owned subsidiary of Jio Financial Services. Earlier, it functioned as a joint venture between Jio Financial Services and the State Bank of I...