Jio Financial Services invests Rs 68 cr in Jio Payments Bank

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27 Aug 2024

Jio Financial Services invests Rs 68 cr in Jio Payments Bank

Jio Financial Services has subscribed to 6,80,00,000 equity shares of Rs.10/- each of Jio Payments Bank (JPBL), for cash at par, aggregating Rs. 68 crore for its business purposes. Post this investment, the Company's holding in JPBL has increased from 78.95% to 82.17%