Investment10 Dec 2025, 06:11 pm
Jio Financial Services Invests Rs. 93.50 Crore in Joint Venture with BlackRock
AI Summary
Jio Financial Services Ltd. has invested Rs. 93.50 crore in Jio BlackRock Investment Advisers Private Limited, a 50:50 Joint Venture between the Company and BlackRock. This investment was made today at 12.03 p.m, and the funds will be used to support the JV's business operations. The investment is a related party transaction, made on an arm's length basis, and does not involve any interest from the Company’s promoter / promoter group / other group companies. No governmental or regulatory approval was required for this transaction.
Key Highlights
- Jio Financial Services Ltd. invests Rs. 93.50 crore in Jio BlackRock Investment Advisers Private Limited
- Investment is a 50:50 Joint Venture between the Company and BlackRock
- Funds will be used to support the JV's business operations
- Transaction is a related party transaction made on an arm's length basis
- No governmental or regulatory approval was required for the transaction