India's Jio Financial Services rises as JV with BlackRock gets nod for mutual funds business

ReutersMay 27, 2025 9:02 AM

Shares of Jio Financial Services JIOF.NS rise 3.7% to 292 rupees, their highest since January 9

Co says Jio BlackRock Asset Management gets markets regulator's approval to begin operations of its mutual fund business in India

Jio BlackRock Asset Management is a 50:50 joint venture between co and BlackRock BLK.N

Adds, Sid Swaminathan named as MD and CEO of the asset management co

JIOF set to extend rally to a fifth straight session

Shares down ~5.7% so far this year

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