Jio Financial Share Price in Focus As It Invests ₹190 Crore in Payments Bank

On June 26, 2025, Jio Financial Services emerged as the top gainer on the Nifty 50, with its share price rising 3% to ₹312.40 on the NSE. The stock’s momentum follows a series of strategic moves, including capital infusion into its payments arm and key acquisitions.

Capital Infusion into Jio Payments Bank

According to a recent exchange filing, Jio Financial Services invested ₹190 crore into its wholly owned subsidiary, Jio Payments Bank Limited, by subscribing to 19 crore equity shares of ₹10 each.

The company clarified that this was a related party transaction conducted on an arm’s length basis, with no involvement from promoters or related group companies.

Full Ownership of Jio Payments Bank

Earlier this month, Jio Financial also completed the acquisition of State Bank of India’s (SBI) 17.8% stake in Jio Payments Bank. This ₹104.54 crore deal makes the payments bank a fully owned subsidiary of Jio Financial Services.

Boost from Mutual Fund Approval

Another major catalyst for the stock’s recent rally is the SEBI approval for Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial and BlackRock.

The new mutual fund business combines Jio's digital-first market approach with BlackRock’s global investment knowledge and risk management capabilities. The JV has also launched a website and appointed a leadership team to drive operations.

Jio Financial Share Price Movement

Over the past 5 trading sessions, Jio Financial Services share price has gained 8.5%, reflecting strong short-term momentum. In the past 1 month, the stock is up 10%, indicating growing investor interest. However, over the last 6 months, the gains have been more modest at 1.3%. Looking at a longer time frame, the stock has declined by 13% over the past 1 year.

Jio Financial was recently included in the NSE Nifty 50 index on March 28, 2025, alongside Zomato, which has added visibility and traction among institutional investors.

Also Read: JSW Energy Allots ₹250 Crore Worth of NCDs via Private Placement!

Conclusion

Jio Financial Services' recent gains are backed by strategic investments, regulatory approvals, and business expansion efforts. With full control over its payments bank and entry into the mutual fund space through Jio BlackRock, the company is positioning itself as a major financial services player. These developments are increasing investor confidence and helping the stock regain momentum after a slow year.

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