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Jio Financial, BlackRock invest ₹117 crore in mutual fund business
short by Mansi Agarwal / on Tuesday 21 January, 2025
Jio Financial Services and US-based BlackRock have infused ₹117 crore in their joint mutual fund business, a company filing said. Both companies have been allotted 5.85 crore equity shares of ₹10 each of Jio BlackRock Asset Management Private Limited. Another joint venture between the companies also incorporated a new subsidiary on Tuesday to undertake broking operations.
read more at Moneycontrol