JIOFIN

Increases Stake in Jio Payments Bank!💰📈

has infused ₹85 Cr into Jio Payments Bank (JPBL), subscribing to 8.5 Cr equity shares at ₹10 each. This move boosts its stake from 82.17% to 85.04%, strengthening its hold on digital banking. ✅ RBI-approved & arm’s length transaction—a strategic push to scale JPBL’s operations. 🔍 Investor Takeaway: JFSL is doubling down on fintech dominance, reinforcing its financial ecosystem alongside Jio Finance, Jio Insurance, and Jio Payment Solutions. 🚀📊