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![Infintea_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1873059916753383424.png) Infintea☕️ [@Infintea_](/creator/twitter/Infintea_) on x XX followers
Created: 2025-07-23 21:29:49 UTC

#JioFinancialServices (Reliance Group) acquires SBI’s XXXX% stake in #JioPaymentsBank for ₹104.5Cr, now wholly-owned! 🚀 #JioBlackRock NFO raises ₹17,800Cr.

Supporting News Summary
On June 18, 2025, Jio Financial Services Ltd. (JFSL), a Reliance Industries subsidiary, acquired the remaining XXXXX% stake (7.91 crore equity shares) in Jio Payments Bank Ltd. (JPBL) from State Bank of India (SBI) for ₹104.54 crore, making JPBL a wholly-owned subsidiary, per @business-standard.com and @upstox.com. The transaction, approved by the Reserve Bank of India (RBI) on June 4, 2025, followed JFSL’s XXXXX% ownership and a ₹68 crore investment in August 2024 to raise its stake to 85.04%, per @groww.in. JPBL’s customer base grew to XXXX million, with deposits at ₹358 crore (+21% QoQ) and over XXXXXX business correspondent touchpoints, per @EquiNews_India. On July 7, 2025, Jio BlackRock Asset Management, a 50:50 JV with BlackRock, closed its first New Fund Offer (NFO), raising ₹17,800 crore across three debt and cash schemes, per @indmoney.com. JFSL’s Q1 FY26 net profit rose X% YoY to ₹325 crore, with JioBlackRock’s AUM at ₹17,876 crore, per @businessupturn.com.

#Timeline
- Mar 2025: JFSL announces intent to buy SBI’s XXXXX% JPBL stake; shares steady.
- Jun 2025: JFSL acquires stake for ₹104.54Cr, JPBL wholly-owned; shares at ₹287.05 (-0.38%).
- Jul 2025: JioBlackRock NFO raises ₹17,800Cr; Q1 FY26 profit up X% to ₹325Cr. Shares at ₹316.70.
- Q3 2025 Outlook: Market tracks JPBL’s digital banking growth, JioBlackRock fund launches.

#Impact Analysis
JFSL’s acquisition of SBI’s XXXXX% stake in Jio Payments Bank on June 18, 2025, and the ₹17,800 crore JioBlackRock NFO, announced July 7, 2025, strengthen its position in India’s $XXX billion financial sector, alongside #HDFCAMC and #SBIMutualFund. Full ownership of JPBL (2.31M customers, ₹358Cr deposits) enhances JFSL’s digital payments ecosystem, leveraging JioFinance’s 8.1M users, per @lmspl. JioBlackRock’s ₹17,876 crore AUM, driven by SEBI-approved funds (Nifty G-Sec, Smallcap 250, etc.), targets India’s XX% AUM-to-GDP ratio, per @indmoney.com. However, JFSL’s modest X% Q1 FY26 profit growth and a XXXXX% share price decline over the past year reflect competitive pressures, per @angelone.in.

#HDFCAMC #SBIMutualFund #FinancialSector #StockMarketIndia #Nifty50 #Sensex

![](https://pbs.twimg.com/tweet_video_thumb/GwkpEJXbMAAKyDg.jpg)

XXX engagements

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**Related Topics**
[india](/topic/india)
[state bank of india](/topic/state-bank-of-india)
[bank of](/topic/bank-of)
[stocks](/topic/stocks)
[stocks financial services](/topic/stocks-financial-services)
[jio financial](/topic/jio-financial)
[$jiofinbo](/topic/$jiofinbo)

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