Jio BlackRock Broking: Jio Financial Services To Foray Into Broking Business Soon, Sets Up Broking Unit With BlackRock
Jio Financial Services (JFS) announced the incorporation of a wholly owned subsidiary, Jio BlackRock Broking Private Ltd, under its joint venture with global asset management leader BlackRock. The new entity, established on January 20, aims to enter the broking business, pending regulatory approvals.