Jio Financial and BlackRock deal:
On April 15, Jio Financial Services declared that it has initiated a partnership with BlackRock, a US-based company, to delve into wealth management and broking ventures within India.
According to a disclosure filed with the exchange, the financial entity, supported by the Reliance Group, revealed a 50:50 joint venture arrangement aimed at conducting wealth management operations, encompassing the establishment of a dedicated wealth management firm, followed by the establishment of a brokerage company in India.
The BlackRock Company:
BlackRock is one of the world’s leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We’re investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.
According to comapny mandate on it’s websit:”Company purpose is to help more and more people experience financial well-being. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come.”
Jio Financial Services Ltd
io Financial Services Ltd. was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999, under the Companies Act 1956. Subsequently, the name of the Company was changed to Reliance Strategic Investments Limited and a fresh certificate of incorporation was issued on January 14, 2002. The name of the Company was further changed to ‘Jio Financial Services Limited’ and a fresh certificate of incorporation was issued on July 25, 2023.
