Latest news with #JioPaymentsBankLimited
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Business Standard
26-06-2025
- Business
- Business Standard
Jio Financial Services shares rise 3% in trade; why is stock in demand?
Jio Financial Services shares rose 2.9 per cent in trade on June 26, 2025, logging an intraday high at ₹312.25 per share on BSE. At 10 AM, Jio Financial Services share price was trading 2.74 per cent higher at ₹311.55 per share on the BSE. In comparison, the BSE Sensex was up 0.61 per cent at 83,257.96. The company's market capitalisation stood at ₹1,97,900.36 crore. Its 52-week high was at ₹363 per share and 52-week low was at ₹198.6 per share. In one year, Jio Financial Services shares have lost 15 per cent as compared to Sensex's rise of 5 per cent. Why were Jio Financial shares buzzing in trade? The buying on the counter came after Jio Financial subscribed and was allotted 19,00,00,000 shares of Jio Payments Bank Limited. The shares were worth ₹190 crore, one share costing ₹10. Jio Payments Bank is a wholly owned subsidiary of Jio Financial Services. "The company has today, subscribed to and has been allotted 19,00,00,000 equity shares of ₹10 each of Jio Payments Bank Limited, wholly owned subsidiary, for cash at par, aggregating ₹190 crore," the filing read. Last week, Jio Financial acquired the entire 17.8 per cent stake of State Bank of India in Jio Payments Bank Ltd for a consideration of ₹104.54 crore. Jio Financial Services is engaged in the business of investing and financing, insurance broking, payment bank, payment aggregator, and payment gateway services. The company listed on the exchange after the financial services business from Reliance Industries (RIL) was demerged/transferred into the company in 2023. Jio Financial Services Q4FY25 results Jio Financial Services' consolidated net profit rose to ₹316.11 crore for the final quarter of Q4FY25, up 1.8 per cent from ₹310.63 crore in the same quarter of the previous fiscal year (FY24). The company's total income rose 24 per cent to ₹518 crore in Q4FY25 from ₹418 crore in the fourth quarter of the previous fiscal year. On the flip side, the company's total expenses also witnessed a year-on-year (Y-o-Y) increase to ₹168 crore in Q4FY25 as compared to ₹103 crore in the same quarter a year ago.
Mint
19-06-2025
- Business
- Mint
Stocks to watch: Jio Financial, Hero Motocorp, Vodafone Idea, Siemens among shares in focus today
The bank said it acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for ₹ 104.54 crore. A pharmaceutical company announced that a recent inspection by the U.S. Food and Drug Administration (FDA) at its oncology injectable facility in Ahmedabad ended with two observations, neither of which relate to data integrity. Indian two-wheeler maker has announced the launch of its Vida Vx2 electric scooter under a new 'Battery-as-a-Service' (BaaS) model. Abbott has entered into an agreement with MSD Pharmaceuticals to distribute Sitagliptin-based diabetes medications from MSD in India. ESAF Small Finance Bank has given the go-ahead to sell a portfolio of non-performing and technically written-off loans amounting to ₹ 735.18 crore to an asset reconstruction company (ARC). The telecom operator announced that it has entered into a strategic partnership with AST SpaceMobile Inc. to deliver direct-to-device satellite broadband connectivity in India, aligning with the Digital India initiative to ensure universal mobile access. The company announced that it has entered into a Memorandum of Understanding (MoU) with Infineon Technologies to collaboratively create EV solutions customized for the Indian market. The technology company announced that Siemens Energy India Limited (SEIL) has secured approvals from both the BSE and the National Stock Exchange of India for the listing and trading of its equity shares, which will take effect from June 19, 2025. HDFC Bank CEO Sashidhar Jagdishan has approached the Bombay High Court, requesting the dismissal of an FIR lodged against him by the Lilavati Trust. The company announced that its board's executive committee has given the green light to raise up to ₹ 200 crore via a private placement of non-convertible debentures (NCDs). Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
