Jio Financial & BlackRock Pump INR 117 Cr In Mutual Fund JV

Jio Financial Services said that 5.85 Cr shares each have been allotted to the two companies at INR 10 each

JFS also said that its JV Jio BlackRock Investment Advisers has incorporated a new wholly-owned subsidiary, Jio BlackRock Broking, to offer broking services.

JFS’ net profit rose 0.3% YoY to INR 294.8 Cr in Q3 FY25, while operating revenue jumped 5.7% to INR 438.35 Cr

Jio Financial Services (JFS) and BlackRock have cumulatively infused INR 117 Cr in their mutual fund joint venture (JV), Jio BlackRock Asset…