Jio Financial Services invests Rs 68 cr in Jio Payments Bank

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%
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