Jio Financial Services acquires 7.9 crore shares of Jio Payments Bank from SBI — Details here
Billionaire Mukesh Ambani-led Reliance Group's non-banking financial services arm, Jio Financial Services (JFS), on Wednesday, 18 June 2025, announced that the company has acquired more than 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI), according to an exchange filing.
As per the filing data, the total value of the deal is estimated to be at ₹ 104.54 crore after approvals from the central bank, the Reserve Bank of India (RBI).
After the acquisition deal, Jio Payments Bank will become a wholly-owned subsidiary of Jio Financial Services. According to an earlier PTI report, from March 2025, JFS held an 82.17 per cent stake in Jio Payments Bank, and was planning to make an acquisition move to buy out SBI.
'The Company has today at around 3.27 p.m acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for an aggregate consideration of ₹ 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, 2025. Consequent to this acquisition, JPBL has become a wholly owned subsidiary of the Company,' said the company in the BSE filing.
Jio Financial Services shares closed 0.62 per cent lower at ₹ 288 after Wednesday's stock market session, compared to ₹ 289.80 in the previous market close. The company announced the acquisition update after the market operating hours on 18 June 2025.
Since its listing on the Indian stock market in August 2023, the shares of Jio Financial Services have given market investors over 34 per cent returns on their investment. However, the shares have lost 20.77 per cent in the last one-year period.
On a year-to-date (YTD) basis, the shares are down 5.49 per cent, but are trading 3.86 per cent higher in the last one-month period.
The shares of the NBFC hit their 52-week high level at ₹ 368.30 on 20 June 2025, while the 52-week low level was at ₹ 198.60 on 3 March 2025, according to BSE data. JFS' market capitalisation (M-Cap) stood at more than ₹ 1.82 lakh crore as of the stock market close on Wednesday, 18 June 2025.
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Jio Financial Services Share Price Live Updates: Jio Financial Services excels with 24.15% returns
20 Jun 2025 | 08:40:58 AM IST Stay informed with the Jio Financial Services Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Jio Financial Services, including: Last traded price 284.1, Market capitalization: 180492.75, Volume: 13910925, Price-to-earnings ratio 111.93, Earnings per share 2.54. Our liveblog combines fundamental and technical insights to provide a holistic view of Jio Financial Services's performance. Stay ahead of the market with breaking news that can influence Jio Financial Services's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Jio Financial Services Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:40:57 AM IST, 20 Jun 2025 Show more
Mint
26 minutes ago
- Mint
Oswal Pumps Share Price Live: GMP, experts hint a decent debut of shares in stock market today; check key detail
Oswal Pumps Share Price Live: Oswal Pumps shares are scheduled to debut in the Indian stock market today, June 20. The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18. A notice on the BSE indicated that trading members of the exchange are hereby notified that starting on Friday, June 20, 2025, the equity shares of Oswal Pumps Limited will be listed and available for trading on the Exchange as part of the 'B' Group of Securities. Oswal Pumps IPO price band was fixed in the range of ₹ 584 to ₹ 614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter. Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times. Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers. Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors. The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand. Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹ 41 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹ 655 apiece, which is 6.68% higher than the IPO price of ₹ 614. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
28 minutes ago
- Time of India
HUL shares among 8 stocks will trade ex-dividend on Monday. Do you own?
Shares of Hindustan Unilever ( HUL ), Samvardhana Motherson International , among 6 other companies, will likely remain in focus today as they begin trading on an ex-dividend basis from Monday, June 23, meaning today is the last day to purchase these shares to be eligible for the dividend. The record date is the cut-off set by the company to identify shareholders who will receive the dividend. If your name appears as a shareholder on this date, you are entitled to the dividend, regardless of when you bought the shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 얼굴 기미, 저는 집에서 이렇게 해결했어요 (에스테틱 원장 실제글) 두아이연구원 Undo On the other hand, the ex-dividend date (or ex-date) is the first day the stock trades without the dividend benefit. Anyone buying the stock on or after the ex-date will not receive the upcoming dividend. Typically, the ex-date falls one business day before the record date. Since Indian stock markets follow the T+1 settlement cycle, investors must complete their share purchases by June 19 for the transaction to be settled and reflected in their demat accounts by the record date. Live Events HUL The board of HUL had announced a final dividend of Rs 24 per share, fixing Monday, June 23 as the record date for determining the shareholder eligibility. 'This is further to our letter dated 24th April, 2025, wherein the Company had informed that the Register of Members of the Company will remain closed from Tuesday, 24th June, 2025 to Monday, 30th June, 2025 (both days inclusive) for the purpose of payment of Final Dividend and AGM of the Company. This is to inform that the record date for the above purpose is Monday, 23rd June, 202,' the company said. Over the past 12 months, Hindustan Unilever has announced a total equity dividend of Rs 29.00 per share, and based on a share price of Rs 2,294.20, this translates to a dividend yield of 1.26%. HUL shares closed flat at Rs 2,294.20 on the BSE on Thursday. Here is a list of other companies that will start trading ex-dividend from Friday: Dalmia Bharat– Final dividend of Rs 5 per share (250%) Dynamic Cables– Final dividend of Rs 0.5 per share (5%) Kalpataru Projects International– Final dividend of Rs 9 per share (450%) Kansai Nerolac Paints– Special dividend of Rs 1.25 per share (125%) and a final dividend of Rs 2.5 per share (250%) Motherson Sumi Wiring India– Final dividend of Rs 0.35 per share (35%) Pilani Investment and Industries Corporation – Final dividend of Rs 15 per share (150%) Samvardhana Motherson International– Final dividend of Rs 0.35 per share (35%)
