Jio BlackRock, a 50:50 joint venture between BlackRock and Jio Financial Services, aims to transform India’s asset management industry by combining investment expertise with digital technology to democratize financial solutions for millions of investors.

Information on the Target

Jio BlackRock is a newly formed joint venture between BlackRock, a leading global asset management firm, and Jio Financial Services Limited (JFS). This 50:50 partnership is designed to leverage the strengths and resources of both companies to provide innovative and affordable investment solutions to millions of investors in India.

By combining BlackRock's extensive investment management expertise with JFS's local market knowledge and technological capabilities, Jio BlackRock is set to significantly enhance access to asset management services in India, democratizing investment opportunities for a broader audience.

Industry Overview in India

India's asset management industry is on the verge of a transformative phase, propelled by an increase in middle-class affluence and the rapid advancement of digital technologi

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BlackRock

invested in

Jio Financial Services Limited

in 2023

in a Joint Venture deal

Disclosed details

Transaction Size: $150M

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