Jio Financial rises 4%, extend gains to 2nd day on plans to buy Jio Payments Bank shares for ₹105 cr from SBI

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Jio Financial rises 4%, extend gains to 2nd day on plans to buy Jio Payments Bank shares for ₹105 cr from SBI

AIMPWA

March 5, 2025

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Shares of Mukesh Ambani-owned Jio Financial Services gained 4% in intraday deals on Wednesday, March 5, extending gains to the second day in a row, after the company announced plans to acquire the remaining shares of Jio Payments Bank from State Bank of India (SBI).

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