Jio Financial Services is forming a joint venture with U.S asset manager BlackRock to set up a wealth management and broking business in India.

Banking & Finance

Jio Financial Services is forming a joint venture with U.S asset manager BlackRock to set up a wealth management and broking business in India. The announcement follows BlackRock and Jio Financial launching a joint venture last year to offer asset management services in India. The two companies plan to invest $150 million each in the joint venture. The expansion of BlackRock and Jio Financial’s partnership underscores Reliance’s growing ambitions in the financial services sector. The $237 billion Indian firm already leads the nation’s refinery, retail and telecom sectors. (India’s central bank doesn’t permit tycoons to receive the banking license.)


     

     

     

 

     


Jio Financial Services

Founded- 1999
HQ- Mumbai
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