Bengaluru, March 5 -- The shares of a Finance stock, specializing in providing a wide range of financial services, including digital payments, lending, asset management, insurance, and wealth management, jumped upto 5 percent upon approval of acquiring the remaining 17.83 percent stake from State Bank of India (SBI) for Rs. 104.54 Crores.

Price action

With a market capitalization of Rs. 1,37,196.09 crores on Wednesday, the shares of Jio Financial Services Limited jumped upto 4.8 percent making a high of Rs. 216.30 per share compared to its previous closing price of Rs. 206.35 per share.

What Happened

Jio Financial Services Limited, which offers a wide range of financial services, announced that its Board of Directors has approved the ...