Jio Financial Services has completed its investment in the Jio BlackRock Asset Management joint venture. The company has subscribed to 13,60,00,000 equity shares at ₹10 each, totaling ₹136 crore. The JV aims to utilize these funds for its business operations. All regulatory requirements have been met.
Jio BlackRock JV Investment
Jio Financial Services has finalized its investment in the Jio BlackRock Asset Management Private Limited joint venture. The investment, completed on December 10, 2025, will support the JV’s operational activities.
Details of the Investment
The company subscribed to 13,60,00,000 equity shares of Jio BlackRock Asset Management Private Limited, with each share having a face value of ₹10. The total investment amounts to ₹136 crore. This investment is made on a rights issue basis.
Use of Funds
The Jio BlackRock joint venture (JV) will use the invested funds to support its business operations and growth initiatives. This funding is expected to enable the JV to pursue its strategic objectives effectively. This is a 50:50 Joint Venture between the Company and BlackRock.
Related Party Transaction
The investment qualifies as a related party transaction conducted on an arm’s length basis. No promoter or group company holds any interest in the above investment. No governmental or regulatory approval is required for this transaction.
Source: BSE
