BlackRock in talks with Jio Financial Services for India private credit venture

BlackRock Inc., the world's largest asset manager, is negotiating with Mukesh Ambani's Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock's third collaboration with Ambani's firm.