Jio Financial Services and BlackRock Inject Rs 133 Crore into Joint Ventures
Jio Financial Services Limited (JFSL) has invested ₹133 crore in two joint ventures with BlackRock. JFSL and BlackRock each invested ₹66.50 crore in Jio BlackRock Investment Advisers Private Limited and ₹63 crore in Jio BlackRock Asset Management Private Limited. Both are 50:50 joint ventures, with shares issued at face value. The investments aim to support business operations and expand JFSL's presence in asset management and investment advisory services.

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Jio Financial Services (JFSL) has announced significant investments in its joint ventures with BlackRock, demonstrating a strong commitment to expanding its presence in the financial services sector.
Investment in Jio BlackRock Investment Advisers
In a recent development, Jio Financial Services and BlackRock have each invested Rs 66.50 crore in their 50:50 joint venture, Jio BlackRock Investment Advisers Private Limited. This investment was made through the allotment of 6.65 crore equity shares at a face value of Rs 10 per share. The total investment in this joint venture now stands at Rs 84.50 crore.
Additional Investment in Jio BlackRock Asset Management
On the same day, JFSL disclosed another investment in a separate joint venture with BlackRock. Both companies subscribed to 6.30 crore equity shares each in Jio BlackRock Asset Management Private Limited, also a 50:50 joint venture. This investment amounted to Rs 63.00 crore for each partner, with shares issued at par value.
Key Details of the Investments
- Total Investment: The combined investment across both joint ventures totals Rs 133.00 crore.
- Purpose: Both joint ventures will utilize the funds to support their business operations.
- Transaction Nature: These investments are classified as related party transactions, conducted on an arm's length basis.
- Regulatory Compliance: No governmental or regulatory approvals were required for these transactions.
- Timing: Both investments were made at 1:16 PM on the day of the announcement.
Implications for Jio Financial Services
These substantial investments underscore Jio Financial Services' commitment to strengthening its partnership with BlackRock and expanding its footprint in the asset management and investment advisory spaces. The move is likely to enhance JFSL's capabilities in offering diverse financial products and services to Indian consumers.
The company's strategic focus on these joint ventures with a global financial giant like BlackRock indicates its ambition to become a significant player in India's growing financial services market.
Joint Venture | Investment per Partner (Rs Crore) | Total Investment (Rs Crore) | Shares Allotted (Crore) |
---|---|---|---|
Jio BlackRock Investment Advisers Pvt Ltd | 66.50 | 133.00 | 13.30 |
Jio BlackRock Asset Management Pvt Ltd | 63.00 | 126.00 | 12.60 |
These investments reflect Jio Financial Services' ongoing efforts to diversify its portfolio and strengthen its position in the financial services industry through strategic partnerships and targeted investments.
Historical Stock Returns for Jio Financial Services
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.73% | +7.15% | +12.28% | -25.12% | -34.87% | -0.98% |