Jio Financial Services Limited — JV/Acquisition, 10-12-2025: Acquisition

Jio Financial Services (JFS) and BlackRock have each infused Rs. 136 Cr into their 50:50 Joint Venture, Jio BlackRock Asset Management Private Limited. This capital injection, via a rights issue of 13.6 crore shares at Rs. 10 face value, will fund the JV's ongoing business operations. This move underscores JFS's strategic commitment to expanding its footprint in the asset management sector, bolstering the growth and development of its partnership with global financial powerhouse BlackRock to tap into India's evolving market.