The State Bank of India (SBI) has officially exited Jio Payments Bank Limited (JPBL) by divesting its entire stake of 7,90,80,000 equity shares to Jio Financial Services Limited (JFSL) at a price of Rs. 13.22 per share. The transaction, amounting to Rs. 104.54 crore, was approved by the Executive Committee of SBI’s Central Board and is subject to regulatory clearance.
Following the receipt of necessary approvals from the Reserve Bank of India, SBI executed the Share Purchase Agreement with JFSL and JPBL on June 18, 2025. With this transaction, SBI’s shareholding in JPBL now stands at zero. Jio Financial Services Limited, already a promoter of JPBL, now holds 100% equity, up from its previous 85.04% stake.
About SBI
The State Bank of India (SBI) is the country’s largest public sector bank, offering a comprehensive range of banking and financial services across India and abroad. With a vast network of branches and digital platforms, SBI plays a pivotal role in supporting economic growth, financial inclusion, and infrastructure development.
