News From Press Jio Financial joins BlackRock to launch asset management firm

Jio Financial joins BlackRock to launch asset management firm

Source:Mint Jul 27, 2023

Jio Financial Services Ltd, the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million.

On Wednesday, in a joint statement with BlackRock, Jio Financial said that the joint venture (JV), Jio BlackRock, would deliver “tech-enabled access to affordable, innovative investment solutions for millions of investors in India."

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