Current Affairs · Corporate Acquisitions and Mergers
In a strategic financial development involving a complete stake acquisition, Mumbai-based Jio Financial Services Limited (JFSL) finalized the purchase of the remaining 17.83% equity in Jio Payments Bank from its joint venture partner, State Bank of India (SBI). The transaction involved acquiring 79.08 million shares at a per-share cost of Rs. 13.22. What was the total approximate value of this acquisition deal conducted in June 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 98.76 crore
- 2Rs. 104.54 crore✓
- 3Rs. 109.86 crore
- 4Rs. 101.22 crore
Correct answer
Rs. 104.54 crore
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