Both JFSL and BlackRock have subscribed 5.85 crore equity shares in Jio BlackRock Asset Management Pvt Ltd, each worth Rs. 10, which is a 50:50 joint venture between the two entities. According to the regulatory filing, this investment totaled Rs. 117 crores.
Jio BlackRock Asset Management Pvt Ltd submitted an application to SEBI seeking approval. JFSL and BlackRock have made an initial investment of Rs 82.5 crore in this entity.
Another subsidiary Jio BlackRock Investment Advisors Private Limited, a joint venture company of the Company has informed that it has incorporated a wholly owned subsidiary named ‘Jio BlackRock Broking Private Limited’ on January 20, 2025, which carries on the business of regulated broking. approvals
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Jio Financial Services Q3 Earnings
Jio Financial Services for the quarter ended December 31, 2024 posted Rs. 295 crore, up from Rs.295 crore posted in the year-ago period. 294 crore was flat compared to Rs.
The Mukesh Ambani-promoted company in Q3FY25 posted a total of Rs. 438 crore in revenue, up from Rs. 414 crore is 6% higher than Rs.
As of December 31, 2024, the Assets Under Management (AUM) will be Rs. 4,199 crore, which in Q2FY25 was Rs. 1,206 crores.
Also Read: SEBI Plans Pre-Listing Trade To Trip Gray Market Moves
Jio shares finance performance
On Tuesday, shares of Jio Finance fell 5.7% on the BSE to Rs. 260.1, while the benchmark Sensex fell 1.6%. The stock has fallen 23% over the past six months but is up 6% over the past 12 months. The market capitalization of the company is Rs. 1,65,276 crores.
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