Current Affairs · Corporate Acquisitions
Consider the following statements regarding Jio Financial Services' (JFS) proposal to acquire State Bank of India's (SBI) stake in Jio Payments Bank: 1. Jio Financial Services entered into an agreement to acquire SBI's entire remaining stake in Jio Payments Bank. 2. The transaction value for acquiring SBI's stake was finalized at approximately ₹104.54 crore. 3. Upon completion and required regulatory approvals, Jio Payments Bank would become a wholly-owned subsidiary of Jio Financial Services. 4. The acquisition aims to streamline JFS's digital banking portfolio and accelerate fintech integration. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12, 3, and 4 only
- 21, 2, and 3 only
- 31, 2, 3, and 4✓
- 41 and 2 only
Correct answer
1, 2, 3, and 4
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