Jio Financial Services (JIOFIN) — Corporate Action

Jio Financial Services invested ₹93.50 crores in its 50:50 joint venture with BlackRock, Jio BlackRock Investment Advisers Private Limited, by subscribing to 9.35 crores equity shares at par value of ₹10 each on a rights issue basis. BlackRock made an identical investment. The JV will use the capital for business operations. The transaction is an arm's-length related-party deal requiring no regulatory approvals.

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About Jio Financial Services Limited (JIOFIN)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,53,892.82 Cr P/E: 92.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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