{"id":145756,"date":"2025-03-05T12:43:37","date_gmt":"2025-03-05T07:13:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145756"},"modified":"2025-03-05T17:29:27","modified_gmt":"2025-03-05T11:59:27","slug":"stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank\/","title":{"rendered":"Stock jumps 5% after company to acquire 100% stake in Jio Payments Bank"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1070341564\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a Finance stock, specializing in providing a wide range of financial services, including digital payments, lending, asset management, insurance, and wealth management, jumped upto 5 percent upon approval of acquiring the remaining 17.83 percent stake from State Bank of India (SBI) for Rs. 104.54 Crores.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1530581622\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 1,37,196.09 crores on Wednesday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/JIOFIN\" target=\"_blank\" rel=\"noreferrer noopener\">Jio Financial Services Limited<\/a><\/strong> jumped upto 4.8 percent making a high of Rs. 216.30 per share compared to its previous closing price of Rs. 206.35\u00a0 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p><strong>Jio Financial Services Limited<\/strong>, which offers a wide range of financial services, announced that its Board of Directors has approved the acquisition of 7,90,80,000 equity shares, representing a 17.83 percent stake in Jio Payments Bank Limited (JPBL), from the State Bank of India (SBI) for Rs. 104.54 crore.&nbsp;<\/p><p>Following this acquisition, JPBL will become a wholly-owned subsidiary of the company. The acquisition is subject to approval from the Reserve Bank of India (RBI) and is expected to be completed within 45 days.<\/p><div class=\"trade-content_5\" id=\"trade-4137669136\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company<\/strong><\/h2><p>Jio Financial Services Limited is a prominent financial services company that offers a wide range of solutions, including digital payments, lending, asset management, and insurance. It aims to drive financial inclusion and innovation by leveraging technology. As part of the Reliance Group, the company focuses on delivering customer-centric financial products to both individuals and businesses across India.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Competitors<\/strong><\/h2><p>Jio Financial Services has significant competition from major players like Bajaj Finserv, HDFC, and LIC Housing Finance, which dominate the financial services, insurance, and lending sectors. Currently, Jio Financial Services is trading at a P\/E of 81.56, well above the industry average of 31.53.<\/p><h2 class=\"wp-block-heading\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company\u2019s total revenue rose by 8.34 percent from Rs. 414.33 crore to Rs. 448.89 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 293.82 crore to Rs. 294.78 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J&nbsp;<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3583631530\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a Finance stock, specializing in providing a wide range of financial services, including digital payments, lending, asset management, insurance, and wealth management, jumped upto 5 percent upon approval of acquiring the remaining 17.83 percent stake from State Bank of India (SBI) for Rs. 104.54 Crores. Price action With a market capitalization of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-145756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 5% after company to acquire 100% stake in Jio Payments Bank - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 5% after company to acquire 100% stake in Jio Payments Bank\" \/>\n<meta property=\"og:description\" content=\"The shares of a Finance stock, specializing in providing a wide range of financial services, including digital payments, lending, asset management, insurance, and wealth management, jumped upto 5 percent upon approval of acquiring the remaining 17.83 percent stake from State Bank of India (SBI) for Rs. 104.54 Crores. Price action With a market capitalization of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-05T07:13:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-05T11:59:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Jio-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-acquire-100-stake-in-jio-payments-bank\/\",\"name\":\"Stock jumps 5% after company to acquire 100% stake in Jio Payments Bank - 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