Jio Financial & BlackRock Pump INR 117 Cr In Mutual Fund JV

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SUMMARY

Jio Financial Services said that 5.85 Cr shares each have been allotted to the two companies at INR 10 each

JFS also said that its JV Jio BlackRock Investment Advisers has incorporated a new wholly-owned subsidiary, Jio BlackRock Broking, to offer broking services.

JFS’ net profit rose 0.3% YoY to INR 294.8 Cr in Q3 FY25, while operating revenue jumped 5.7% to INR 438.35 Cr

Jio Financial Services (JFS) and BlackRock have cumulatively infused INR 117 Cr in their mutual fund joint venture (JV), Jio BlackRock Asset…



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Jio Financial & BlackRock Pump INR 117 Cr In Mutual Fund JV


SUMMARY

Jio Financial Services said that 5.85 Cr shares each have been allotted to the two companies at INR 10 each

JFS also said that its JV Jio BlackRock Investment Advisers has incorporated a new wholly-owned subsidiary, Jio BlackRock Broking, to offer broking services.

JFS’ net profit rose 0.3% YoY to INR 294.8 Cr in Q3 FY25, while operating revenue jumped 5.7% to INR 438.35 Cr

Jio Financial Services (JFS) and BlackRock have cumulatively infused INR 117 Cr in their mutual fund joint venture (JV), Jio BlackRock Asset…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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