Jio Financial Services invests further in BlackRock joint venture

Jio Financial Services (JFS) has announced a further investment of INR66.5 crore into its joint venture with BlackRock, Jio BlackRock Investment Advisers Private Limited. With this latest infusion, each company has subscribed to 66,500,000 equity shares with a face value of INR10 each in the JV. The total investment in the JV to date has now reached INR84.5 crore. The 50:50 joint venture between JFS and BlackRock will use the capital to fund business operations. JFS clarified that the investment is a related party transaction conducted on an arm's length basis, with no interest from promoters or other group companies. No governmental or regulatory approval was required for this transaction, which was completed on April 3, 2025.