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Corporate News
04-Mar-25
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State Bank of India to divest its entire stake in Jio Payments Bank
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To Jio Financial Services for consideration of Rs 104.54 cr
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The Executive Committee of the Central Board of Directors of State Bank of India approved the divestment of Bank's entire stake, i.e., 7,90,80,000 equity shares at a price of Rs 13.22 per equity share in Jio Payments Bank to Jio Financial Services realizing Rs 104,54,37,600/-, subject to all regulatory approvals.
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