SBI completes divestment of Jio Payments Bank stake

State Bank of India (SBI) announced the completion of its divestment of Jio Payments Bank Limited (JPBL), selling its entire stake of 790,800,000 equity shares to Jio Financial Services Limited (JFSL) at a price of INR 13.22 per share, realizing INR 104,54,37,600. The transaction, executed on June 18, 2025, followed regulatory approval from the Reserve Bank of India. SBI’s stake in JPBL has been reduced to nil post-transaction. JPBL contributed 14.96% to SBI’s total income, or INR 5,71,98,064, and 14.96% to its net worth, or INR 27,21,23,298, during the last financial year. JFSL, as a promoter of JPBL holding 85.04% shareholding, was the buyer in this transaction.