Jio Financial Share Price Rises 3.83%; To Acquire Full Stake in Jio Payments Bank

Jio Financial Services Limited (JFSL) has announced the acquisition of the remaining stake in Jio Payments Bank Limited (JPBL), making it a wholly owned subsidiary.

On March 5, 2025, Jio Financial Services share price (NSE: JIOFIN) opened at ₹207.00, up from its previous close of ₹206.38. At 9:48 AM, the share price of Jio Financial Services was trading at ₹214.28, up by 3.83% on the NSE.

Details of the Acquisition

Currently, JFSL holds an 82.17% stake in JPBL, with the remaining shares owned by the State Bank of India (SBI). As per the company’s disclosure to stock exchanges, the Board of Directors has approved the acquisition of 7,90,80,000 equity shares from SBI for a total consideration of ₹104.54 crore.

With this acquisition, JFSL will gain complete control over JPBL, strengthening its presence in the digital banking and fintech space. However, the transaction is subject to approval from the Reserve Bank of India (RBI) and is expected to be completed within 45 days of receiving the necessary regulatory clearance. The company clarified that this acquisition is not a related party transaction, and no promoter or group company has any vested interest in the deal.

Q3 and 9M FY 2025 Financial Highlights

In Q3 FY25, the company reported an interest income of ₹210 crore, an increase from ₹205 crore in Q2 FY25 but lower than ₹270 crore recorded in Q3 FY24. For the nine-month period ending FY25, the total interest income stood at ₹577 crore, compared to ₹658 crore in the same period of the previous fiscal year.

Total income for Q3 FY25 was ₹449 crore, down from ₹694 crore in Q2 FY25 but higher than ₹414 crore in Q3 FY24. However, on a cumulative basis, total income for the first nine months of FY25 reached ₹1,561 crore, surpassing the ₹1,437 crore reported in 9M FY24.

The company’s profit after tax (PAT) stood at ₹295 crore in Q3 FY25, nearly matching the ₹294 crore reported in Q3 FY24, but showing a drop from ₹689 crore in Q2 FY25. On a nine-month basis, PAT increased to ₹1,296 crore in FY25 compared to ₹1,294 crore in 9M FY24.

Conclusion

The acquisition of the remaining stake in JPBL marks a significant step for JFSL in expanding its footprint in India’s digital payments ecosystem.

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