Jio Financial Services, Blackrock invest INR 2.3 bln each in AMC, investment advisers joint ventures
This story was originally published at 20:29 IST on 10 December 2025
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NEW DELHI – Jio Financial Services Ltd. and global investment management company BlackRock Wednesday invested INR 2.3 billion each in two of their joint ventures--Jio BlackRock Asset Management Pvt. Ltd. and Jio BlackRock Investment Advisers Pvt. Ltd.
In a filing to exchanges, Jio Financial said the company and BlackRock have each subscribed to 136 million equity shares of Jio BlackRock Asset Management for INR 1.36 billion, on a rights issue basis. Jio BlackRock Asset Management will utilise the amount to fund its business operations, Jio Financial said.
The two entities also subscribed to 93.5 million equity shares of Jio BlackRock Investment Advisers for INR 935.0 million each, on a rights issue basis. The joint venture will utilise the amount to fund its business operations.
Jio Financial Services had reported a consolidated net profit of INR 6.95 billion for the September quarter on revenue of INR 9.81 billion. Shares of the company Wednesday ended 0.8% lower at INR 290.85 on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Tanima Banerjee
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