With a strong focus on digital financial solutions, the company is well-positioned for growth in India’s financial sector

Shares of Mukesh Ambani-owned Jio Financial Services fell below Rs 200 for the first time during the recent crash. Jio Financial Services have seen a sharp booking at higher levels and went down from Rs 330 to Rs 200 without any pullback moves.

This acquisition marks another bold step by Mukesh Ambani, positioning Jio Financial Services as a major player in India's banking and financial ecosystem.

Jio Financial Services, which was a subsidiary of Mukesh Ambani’s Reliance conglomerate, declared itself as a separate entity and listed on the Indian stock exchanges. The firm's current market capitalisation stands at Rs 1.

India's Jio Financial Services will buy shares it did not already own in its joint venture for 1.05 billion rupees ($12.03 million) from partner State Bank of India to bolster financial operations, the Reliance group company said on Tuesday.

Jio Financial share price has fallen over 11% in one month and declined 27% on a year-to-date (YTD) basis. The stock of Reliance Industries’ NBFC subsidiary has dropped 34% in six months and 32% in the past one year.

"Jio Financial to acquire remaining stake in Jio Payments Bank" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on t

Reliance Industries-backed Jio Financial Services (JFS) saw its share price surge over 5% on Wednesday after the company announced a major acquisition.The non-banking financial company (NBFC), which had been witnessing a continuous decline,