Jio Financial Services and BlackRock Advisors Singapore form JV

Jio Financial Services and BlackRock Advisors Singapore have incorporated a joint venture company named 'Jio BlackRock Investment Advisers' on 06 September' 2024, to carry on, inter alia, the primary business of investment advisory services subject to regulatory approvals.

The Company will invest an amount of Rs. 3 crore towards initial subscription of 30,00,000 equity shares of face value Rs. 10/- each. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, on 07 September 2024.