Jio Financial Services, BlackRock set up mutual fund joint ventures; stock rises 3%
- Posted on October 29, 2024
- By Business News Today
- 3 Views
Jio Financial Services, BlackRock set up mutual fund joint ventures; stock rises 3%
In July 2023, Reliance Groups Jio Financial Services (JFS) and BlackRock announced a 50:50 joint venture, Jio BlackRock. In October, JFS received in-principle approval from capital market regulator Sebi to act as co-sponsors and establish the proposed mutual fund with BlackRock Financial Management.
