Jio Financial Services

Jio Financial Services To Acquire SBI’s 17.8% Stake in Jio Payments Bank, Becomes Sole Owner

Mukesh Ambani-led Jio Financial Services (JFS) has decided to acquire the rest 17.8% stake in Jio Payments Bank of the State Bank of India (SBI) for ₹104.5 crore ($12.03 million). This will turn Jio Payments Bank into a wholly owned subsidiary of JFS, consolidating its presence in the financial services...