Jio Financial Services and BlackRock have each, today subscribed to and have been allotted 6,65,00,000 equity shares of face value Rs. 10/- each of Jio BlackRock Investment Advisers (a 50:50 Joint Venture between the Company and BlackRock) (JV), for cash at par, aggregating Rs.66.5 crore. JV will utilise the amount to fund its business operations. The aggregate investment in the JV till date is Rs. 84.5 crore. Powered by Capital Market - Live News

The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved  acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company. The acquisition is subject to approval of Reserve Bank of India (RBI) and is expected to be completed within 45 days post receipt of RBI approval. The Company currently holds 82.17% of the paid-up equity share capital of JPBL, a joint venture of the Company and State Bank of India. Powered by Capital Market - Live News

Jio BlackRock Investment Advisers, a joint venture company of Jio Financial Services, has incorporated a wholly owned subsidiary named `Jio BlackRock Broking` on 20 January 2025 to carry on, inter alia, the business of broking subject to regulatory approvals.Powered by Capital Market - Live News

Net profit of Jio Financial Services rose 0.33% to Rs 294.78 crore in the quarter ended December 2024 as against Rs 293.82 crore during the previous quarter ended December 2023. Sales rose 5.98% to Rs 438.35 crore in the quarter ended December 2024 as against Rs 413.61 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales438.35413.61 6 OPM %71.4977.38 - PBDT382.98386.90 -1 PBT377.22381.49 -1 NP294.78293.82 0 Powered by Capital Market - Live News

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 17 January 2025.Powered by Capital Market - Live News