Jio Financial, BlackRock invest more than Rs 200 crore in joint ventures

Mumbai, December 11, 2025: Jio Financial Services Limited (JFSL) has disclosed to BSE and NSE that it has made two separate investments in its joint ventures with BlackRock. The Company and BlackRock subscribed to equity shares in both Jio BlackRock Asset Management Private Limited and Jio BlackRock Investment Advisers Private Limited through rights issues.

Investment in Jio BlackRock Asset Management Pvt Ltd

JFSL reported that the Company and BlackRock have each subscribed to and been allotted 13,60,00,000 equity shares of face value ₹10 each of Jio BlackRock Asset Management Private Limited, a 50:50 joint venture between the Company and BlackRock. The allotment, made for cash at par, aggregates to ₹136 crore. The approximate total investment by the two entities in the joint ventures is around Rs 272 crore. 

The joint venture will utilise the amount to fund its business operations. JFSL stated that the investment is a related party transaction and has been carried out on an arm’s length basis, and confirmed that none of its promoter, promoter group, or other group companies have any interest in the investment. No governmental or regulatory approval is required for the transaction. The Company made the investment at 1.05 p.m. today.

Investment in Jio BlackRock Investment Advisers Pvt Ltd

In a separate filing, JFSL informed the exchanges that the Company and BlackRock have each subscribed to and been allotted 9,35,00,000 equity shares of face value ₹10 each of Jio BlackRock Investment Advisers Private Limited, also a 50:50 joint venture. The shares were allotted for cash at par, amounting to ₹93.50 crore on a rights issue basis. The joint venture will utilise the funds to support its business operations. 

The investment has been categorised as a related party transaction and conducted on an arm’s length basis. JFSL clarified that none of its promoter, promoter group, or group companies have any interest in the investment. No governmental or regulatory approval is required for the transaction. The Company made this investment at 12.03 p.m. today.

Share Price Movement

As of 11 December 2025, the share price of Jio Financial Services closed at 298.35, up 2.63% or +7.65 from its previous close of ₹290.70

Source: https://www.bseindia.com/stock-share-price/jio-financial-services-ltd/jiofin/543940/corp-announcements/

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