Jio Financial Services Invests in Jio BlackRock Joint Venture
Filing Summary
Jio Financial Services Ltd has invested in the joint venture, Jio BlackRock Asset Management Private Limited, alongside BlackRock. Both entities subscribed to and were allotted 13,60,00,000 equity shares each, with a face value of Rs. 10 per share, totaling Rs. 136 crore. The investment, made on December 10, 2025, is a related party transaction conducted on an arm’s length basis. No regulatory approvals were required for this transaction. The funds will support the joint venture’s business operations.
On December 10, 2025, Jio Financial Services Ltd announced an investment in Jio BlackRock Asset Management Private Limited, a joint venture with BlackRock. Both companies subscribed to and were allotted 13,60,00,000 equity shares each, with a face value of Rs. 10 per share. The total investment amounts to Rs. 136 crore, conducted on a rights issue basis.
The joint venture, structured as a 50:50 partnership between Jio Financial Services and BlackRock, will utilize the funds to support its business operations. The transaction is classified as a related party transaction and was executed on an arm’s length basis. The investment was finalized at 1.05 p.m. on the specified date. No governmental or regulatory approvals were necessary for this transaction.
BlackRock is a global asset management firm known for its comprehensive investment management services. The company focuses on providing a wide range of investment solutions to institutional and retail clients worldwide.
Jio Financial Services Ltd is focused on expanding its financial services portfolio through strategic partnerships and investments. The company aims to enhance its offerings in the financial sector by leveraging joint ventures and collaborations.