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SBI divests entire stake in Jio Payments Bank to Jio Financial Services | Bullu
SBIN
SBI divests entire stake in Jio Payments Bank to Jio Financial Services
Source
|
11:16 18 Jun 25
corporate actions
regulatory filings
SBI has divested its entire stake of 7,90,80,000 equity shares in Jio Payments Bank Limited (JPBL) to Jio Financial Services Limited (JFSL).
The sale was executed on 18th June 2025, following receipt of necessary approval from the Reserve Bank of India.
The consideration for the transaction is ₹104,54,37,600 (₹104.54 crore), at a price of ₹13.22 per equity share.
Post-transaction, SBI's shareholding in JPBL has been reduced to nil.
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