The Jio Financial share price has surged more than 5% to a high of Rs 329.30 on the National Stock Exchange and has been rallying for the last two sessions.
The markets regulator, Securities and Exchange Board of India (SEBI), granted a certificate of registration to Jio BlackRock Broking Private Limited (JBBPL) to operate as a stockbroker and clearing member. The certificate was issued on June 25, 2025.
On June 26, the rally in the stock price came after the company infused capital into its payment bank arm. According to the company’s exchange filing, Jio Financial Services has been allotted 19 crore equity shares of Rs 10 each of Jio Payments Bank Limited, wholly owned subsidiary, for cash at par, aggregating Rs 190 crore.
“The transaction is between the company and its wholly owned subsidiary, and hence a related party transaction. It is on an arm’s length basis. None of the company’s promoter/promoter group/other group companies has any interest in the above transaction,” said the company in the regulatory filing.
SBI sell stake in Jio Payments Bank
A week ago, Jio Financial Services acquired State Bank of India’s entire 17.8% stake in Jio Payments Bank, making it a wholly owned subsidiary of the company. The transaction was valued at Rs 104.54 crore.
Jio Financial Services rallies: The top trigger
Jio Financial Services’ stock price has been on an uptrend since its joint venture with BlackRock, Jio BlackRock Asset Management, received the nod for mutual fund business from the markets’ regulator, Securities and Exchange Board of India (SEBI). The 50:50 joint venture combines Jio Financial Services’ digital-first approach and understanding of the Indian market with BlackRock’s global investment expertise and risk management systems.
Jio Financial Services stock performance
The share price of Jio Financial Services has risen 8.5% in the last five trading sessions. The stock has given a return of 10% in the past one month and 1.3% in the last six months. However, the stock price of Jio Financial Services has fallen 13% in the past one year.
Jio Financial Services was added to the 50-pack stock NSE Nifty 50 in the recent shuffle that took place on March 28, 2025, along with Zomato.