Jio Fin Services enters investment advisory biz; forms JV with BlackRock
The New Indian Express|September 09, 2024
DEEPENING its ties with BlackRock Inc, Jio Financial Services Ltd, a Reliance Industry group company, has entered into a joint venture with BlackRock Advisors Singapore Pte.

Ltd to form Jio BlackRock Investment Advisers Private Limited.

The primary business of the JV will be investment advisory services, JFSL said in a regulatory filing on Sunday.

The company will invest an amount of <3 crore towards initial subscription of 30,00,000 equity shares of face value Rs 10 each. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on 7 September 2024.

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