Liquidity Events

SBI exits Jio Payments Bank; sells its 18% stake for Rs.105-Cr to Jio Financial

Jio Financial Services Ltd has acquired the entire 17.8% stake (79.08 million shares) of State Bank of India (SBI) in Jio Payments Bank Ltd for about INR 104.54 crore. With the stake buy, Jio Payments Bank has now become a wholly-owned subsidiary of Jio Financial Services.

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