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.
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