Latest news with #JPBL
Business Standard
10 hours ago
- Business
- Business Standard
Jio Financial buys 7.90 crore JPBL shares from SBI for Rs 104.54 crore
Jio Financial Services announced that it has acquired 7.90 crore equity shares of Jio Payments Bank Ltd (JPBL) from State Bank of India (SBI) for a total consideration of Rs 104.54 crore. The transaction follows the approval granted by the Reserve Bank of India (RBI) on 7 June 2025, enabling the transfer of shares. JPBL is now a wholly owned subsidiary of Jio Financial Services. Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company had reported 1.8% increase in consolidated net profit to Rs 316.11 crore on 18% jump in revenue from operations to Rs 493.24 crore in Q4 FY25 over Q4 FY24. Shares of Jio Financial Services fell 1.20% to Rs 284.55 on the BSE.
Economic Times
15 hours ago
- Business
- Economic Times
Jio Financial shares in focus on taking full control of JPBL from SBI
The shares of Jio Financial Services are likely to remain in the spotlight on Thursday, June 19, following its acquisition of a significant stake in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI). The company announced the acquisition of 7.90 crore equity shares of JPBL, valued at Rs 104.54 crore. ADVERTISEMENT The acquisition was made in accordance with the approval received from the Reserve Bank of India (RBI), which was granted on June 4. The acquisition transforms JPBL into a wholly owned subsidiary of Jio Financial Services, which is expected to solidify its position in the growing digital financial services space in India. The company had previously announced plans to acquire a 17.8% stake from SBI. Shares of Jio Financial Services closed at Rs 288 on June 18, showing a modest increase of 0.62% over the previous day's closing company is also gearing up for its next big step in India's mutual fund industry, with the launch of a series of mutual fund schemes through Jio BlackRock Asset joint venture between Jio Financial Services and BlackRock is poised to leverage both companies' strengths—Jio's digital reach and BlackRock's investment expertise. The approval of this venture from the Securities and Exchange Board of India (SEBI) positions the company as a key player in India's mutual fund space. ADVERTISEMENT Jio Financial Services has shown a steady upward trajectory, with its latest report revealing a 2% growth in net profit for FY25. The company reported a profit of Rs 316 crore for the fourth quarter, compared to Rs 311 crore in the previous year. Revenue from operations also rose by 18%, reaching Rs 493 crore from Rs 418 crore in FY24. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
18 hours ago
- Business
- Time of India
Jio Financial shares in focus on taking full control of JPBL from SBI
Live Events Jio Financial Services Q4 results (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The shares of Jio Financial Services are likely to remain in the spotlight on Thursday, June 19, following its acquisition of a significant stake in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI). The company announced the acquisition of 7.90 crore equity shares of JPBL , valued at Rs 104.54 acquisition was made in accordance with the approval received from the Reserve Bank of India (RBI), which was granted on June acquisition transforms JPBL into a wholly owned subsidiary of Jio Financial Services, which is expected to solidify its position in the growing digital financial services space in company had previously announced plans to acquire a 17.8% stake from SBI. Shares of Jio Financial Services closed at Rs 288 on June 18, showing a modest increase of 0.62% over the previous day's closing company is also gearing up for its next big step in India's mutual fund industry, with the launch of a series of mutual fund schemes through Jio BlackRock Asset joint venture between Jio Financial Services and BlackRock is poised to leverage both companies' strengths—Jio's digital reach and BlackRock's investment expertise. The approval of this venture from the Securities and Exchange Board of India (SEBI) positions the company as a key player in India's mutual fund Financial Services has shown a steady upward trajectory, with its latest report revealing a 2% growth in net profit for FY25. The company reported a profit of Rs 316 crore for the fourth quarter, compared to Rs 311 crore in the previous year. Revenue from operations also rose by 18%, reaching Rs 493 crore from Rs 418 crore in FY24.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
19 hours ago
- Business
- Mint
Stocks to watch: Jio Financial, Hero Motocorp, Vodafone Idea, Siemens among shares in focus today
The bank said it acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for ₹ 104.54 crore. A pharmaceutical company announced that a recent inspection by the U.S. Food and Drug Administration (FDA) at its oncology injectable facility in Ahmedabad ended with two observations, neither of which relate to data integrity. Indian two-wheeler maker has announced the launch of its Vida Vx2 electric scooter under a new 'Battery-as-a-Service' (BaaS) model. Abbott has entered into an agreement with MSD Pharmaceuticals to distribute Sitagliptin-based diabetes medications from MSD in India. ESAF Small Finance Bank has given the go-ahead to sell a portfolio of non-performing and technically written-off loans amounting to ₹ 735.18 crore to an asset reconstruction company (ARC). The telecom operator announced that it has entered into a strategic partnership with AST SpaceMobile Inc. to deliver direct-to-device satellite broadband connectivity in India, aligning with the Digital India initiative to ensure universal mobile access. The company announced that it has entered into a Memorandum of Understanding (MoU) with Infineon Technologies to collaboratively create EV solutions customized for the Indian market. The technology company announced that Siemens Energy India Limited (SEIL) has secured approvals from both the BSE and the National Stock Exchange of India for the listing and trading of its equity shares, which will take effect from June 19, 2025. HDFC Bank CEO Sashidhar Jagdishan has approached the Bombay High Court, requesting the dismissal of an FIR lodged against him by the Lilavati Trust. The company announced that its board's executive committee has given the green light to raise up to ₹ 200 crore via a private placement of non-convertible debentures (NCDs). 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.
Mint
a day ago
- Business
- Mint
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.
