SBI Disinvests its all stake in Jio Payments Bank
The bank advised post receipt of the necessary approval from Reserve Bank of India, the Bank has executed the Share Purchase Agreement with JFSL and JPBL today.
New Delhi, June 18, 2025: The Executive Committee of the Central Board of the State Bank of India accorded the approval for the divestment of Bank’s entire stake, i.e., 7,90,80,000 equity shares at a price of Rs 13.22 per equity share in Jio Payments Bank Limited (JPBL) to Jio Financial Services Limited (JFSL) realizing Rs 104,54,37,600/-, subject to all Regulatory approval.
The bank advised post receipt of the necessary approval from Reserve Bank of India, the Bank has executed the Share Purchase Agreement with JFSL and JPBL today, i.e., on 18th June 2025, on a consideration amounting to Rs 104,54,37,600/- and transferred the entire shareholding in JPBL to JFSL.
The Post conclusion of the transaction, the Bank’s shareholding in JPBL has been reduced to nil. Jio Financial Services Limited, being one of the promoter of Jio Payments Bank Limited (JPBL) holding 85.04% shareholding in JPBL.
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