Business Blog: Jio Financial Services, BlackRock to launch asset management venture

Wednesday, July 26, 2023

Jio Financial Services, BlackRock to launch asset management venture

Jio Financial Services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.

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