Jio Financial Shares Surge by 2.79% After ₹190 Crore Infusion into Jio Payments Bank
By Ankur Chandra | Updated at: Jan 14, 2026 04:04 PM IST
Mumbai, June 26 – Jio Financial Services Ltd (NSE: JIOFIN) opened at ₹304.80. Its shares saw a jump of 2.79%, reaching ₹311.75 in early Wednesday trading, following a strategic ₹190 crore capital infusion into its fully owned subsidiary, Jio Payments Bank Limited. This move reflects a strategic push into digital banking and fintech expansion. It also opens a lot of new arenas for the company, as there is an increased optimism about the bank’s ability to capture a larger share of the payments market.
This move is set to accelerate the bank’s growth, fueling optimism among investors about its expanding role in India’s digital banking landscape. It also created an overall positive sentiment around Reliance Group’s strategic investments.
₹190 Cr Invested in Jio Payments Bank; Shares Allotted at Par
Jio Financial Services made a regulatory filing under Regulation 30 of SEBI LODR, announcing the subscription of 19 crore equity shares for ₹10 apiece in Jio Payments Bank, totaling a ₹190 crore investment. The allotment was made at 1:15 p.m. on June 25, 2025, and was done in cash at par value.
Jio Payments Bank expects that this cash infusion will improve its financial base, allowing it to grow its digital banking capabilities. The transaction, classified as a related party agreement, was carried out at arm’s length and involved no promoters, promoter groups, or connected group companies. The company also stated that no regulatory permits were required, simplifying and accelerating the investment procedure.
Market Responds Positively; JIOFIN Hits ₹311.75 Intraday High
Following the announcement, Jio Financial stock opened at ₹304.80 and climbed to an intraday high of ₹311.75, before trading at ₹311.35, up ₹8.05 from its previous close.
Key Market Metrics (as of 10:22 am IST, June 26)
| Metric | Value |
|---|---|
| Last Traded Price | ₹311.75 |
| Previous Close | ₹303.30 |
| Day’s Range | ₹304.10 – ₹311.75 |
| 52-Week Range | ₹198.65 – ₹363.00 |
| Total Market Cap | ₹1,95,772.06 Cr |
| Free Float Market Cap | ₹99,962.47 Cr |
| Traded Volume | 21.21 lakh |
| Traded Value | ₹64.97 Cr |
| VWAP | ₹306.33 |
| Adjusted P/E Ratio | 156.67 |
Investment Rationale & Outlook
While the company did not explicitly detail the purpose behind the capital infusion, the move underscores Jio Financial’s growing focus on scaling its digital banking and payment ecosystem through its banking arm. The market appears to interpret the development as a strategic positive for long-term growth.
About the Company
Jio Financial Services Ltd, formerly Reliance Strategic Investments Ltd, was listed on August 21, 2023, and is part of the Nifty 50 index. The company operates as a systemically important non-deposit-taking NBFC and holds a significant stake in Jio Payments Bank, among other financial entities. Its primary business includes lending, investment management, and digital financial services.
REF: https://nsearchives.nseindia.com/corporate/JIOFINANCIAL_25062025165854_JPBL.pdf
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