Another masterstroke by Mukesh Ambani, Jio Financial Services to acquire Jio Payments Bank shares from SBI for Rs...
With a strong focus on digital financial solutions, the company is well-positioned for growth in India’s financial sector
Mukesh Ambani’s Jio Financial Services To Acquire Jio Payments Bank shares From SBI For Rs 1.05 Billion
Jio Financial Services, which was a subsidiary of Mukesh Ambani’s Reliance conglomerate, declared itself as a separate entity and listed on the Indian stock exchanges. The firm's current market capitalisation stands at Rs 1.
Jio Financial Takes Full Control of Jio Payments Bank
Jio Financial Services is set to acquire SBI's stake in Jio Payments Bank for Rs 104.54 crore, making it a wholly owned subsidiary. The acquisition awaits Reserve Bank of India's approval and will be finalized within 45 days post-approval.
Reliance's Jio Financial to buy Jio Payments Bank shares from SBI for 1.05 billion rupees
India's Jio Financial Services will buy shares it did not already own in its joint venture for 1.05 billion rupees ($12.03 million) from partner State Bank of India to bolster financial operations, the Reliance group company said on Tuesday.
Jio Financials Services Acquires SBI's Stake In Jio Payments Bank-Full Details
Jio Financial has sought to acquire a stake in Jio Payments Bank (JPBL) for Rs 104.5 crore, which was previously owned by the State Bank of India (SBI). The proposal requires approval from the Reserve
Jio Financial shares rise 4% on plans to acquire Jio Payments Bank shares worth ₹105 crore from SBI
Jio Financial Services Ltd will acquire 7.9 crore shares of Jio Payments Bank from State Bank of India (SBI) for ₹104.5 crore, making the payments bank its wholly owned subsidiary. Currently, Jio Fin holds an 82.
State Bank of India advances Wednesday, outperforms competitors
State Bank of India closed 19.94% short of its 52-week high of 912.10 rupees, which the company reached on June 3rd.
State Bank of India gains for third straight session
State Bank of India is quoting at Rs 724, up 1.11% on the day as on 12:49 IST on the NSE. The stock is down 7.64% in last one year as compared to a 0.46% slide in NIFTY and a 1.15% slide in the Nifty ...
Mukesh Ambani's Rs 131000 crore firm set to acquire India's largest govt bank's entire stake in...
The acquisition is subject to approval of Reserve Bank of India and is expected to be completed within 45 days post receipt ...
State Bank of India slides Thursday, underperforms market
State Bank of India closed 22.82% short of its 52-week high of 912.10 rupees, which the company achieved on June 3rd.
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State Bank of India to divest its entire stake in Jio Payments Bank
To Jio Financial Services for consideration of Rs 104.54 cr. The Executive Committee of the Central Board of Directors of State Bank of India approved the divestment of Bank's ent ...
Bank Of India Invites Applications For 400 Apprentices Posts, Check Selection Process, Other Details
Candidates applying for specific state vacancies must be proficient in reading, writing, speaking, and understanding at least ...
Future growth trajectory of India will be led by revival in private investment: SBI
The State Bank of India forecasts that a revival in private investment will be key to future economic growth in India.