Jio financial services invests in joint venture with BlackRock

Jio Financial Services Limited announced on December 10, 2025, that it, along with BlackRock, has subscribed to and been allotted 136,000,000 equity shares in Jio BlackRock Asset Management Private Limited. This 50:50 joint venture received a total cash infusion of Rs. 136 crore on a rights issue basis, with the funds earmarked for its business operations.

This investment is identified as a related party transaction, executed on an arm's length basis, and does not involve any interest from the company's promoter or promoter group. No governmental or regulatory approval was required for this transaction.

The investment by Jio Financial Services was completed at 1:05 p.m. on the day of the announcement, following a previous disclosure made on April 3, 2025. This move aligns with the company's strategy for its asset management venture.