Jio BlackRock raises more than $2.1 billion through debut mutual fund offers
ReutersJul 7, 2025 5:25 AM
July 7 (Reuters) - Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May.
Jio BlackRock is a joint venture between Jio Financial Services JIOF.NS, part of Indian billionaire Mukesh Ambani's Reliance Industries Ltd RELI.NS, and U.S.-based BlackRock BLK.N.
The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement.
($1 = 85.7140 Indian rupees)
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