Jio Financial Services Ltd has recently announced in an exchange filing that its joint venture, Jio BlackRock Investment Advisers Private Limited, has established a wholly owned subsidiary called ‘Jio BlackRock Broking Private Limited’ as of January 20, 2025. This new entity is set to engage in broking activities, pending the necessary regulatory approvals.
In a filing with the exchange, the company indicated that it, in partnership with BlackRock, has each made an initial investment of ₹3 crores in Jio BlackRock Investment Advisers Private Limited, incorporated in September 2024.
Jio Financial Services announced on Friday, January 17, that its consolidated profit remained flat at ₹295 crore for the third quarter that concluded in December 2024. In the same quarter of the previous financial year, the company reported a consolidated net profit of ₹294 crore, Jio Financial Services stated in a regulatory filing.
Source: LIVEMINT
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