Joint Venture16 Apr 2024, 12:43 am
Jio Financial Services and BlackRock Form Joint Venture for Wealth Management and Broking Business
AI Summary
Jio Financial Services Ltd and BlackRock Inc. have signed an agreement to form a 50:50 joint venture for setting up a wealth management and broking business in India. Regulatory approvals are pending before the launch.
Key Highlights
- Jio Financial Services and BlackRock form joint venture
- New company will focus on wealth management and broking
- Joint venture to be incorporated in India
- Pending regulatory and statutory approvals before launch