Jio Financial Services will acquire full ownership of Jio Payments Bank after SBI’s divestment of its 17.8% stake. With the deal valued at ₹104.54 crore, the transaction awaits the Reserve Bank of India’s approval and is expected to conclude within 45 days. Jio Financial Services will acquire full ownership of Jio Payments Bank after SBI’s divestment of its 17.8% stake. With the deal valued at ₹104.54 crore, the transaction awaits the Reserve Bank of India’s approval and is expected to conclude within 45 days. Economic Times
March 10, 2025
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