๐ Jio Financial Services Share Price Soars as Reliance Partners with BlackRock ๐
India’s wealthiest man, Mukesh Ambani, is expanding his empire into wealth management and broking business with Jio Financial Services. The company has formed a joint venture with the world’s largest asset manager, BlackRock, to revolutionize the wealth management industry in India.
Last year, Reliance Industries split its financial business to create Jio Financial Services. The company went public in July and announced a partnership with BlackRock to kickstart asset management operations in India. The two companies have committed a $150-15 billion investment in the business.
BlackRock, with assets of nearly $10 trillion, holds a significant share in the world’s stocks and bonds. The company’s CEO, Larry Fink, is considered one of the most influential figures globally. BlackRock has investments in major companies like Apple, Verizon, Ford, Meta, Wells Fargo, J.P. Morgan, Deutsche Bank, and Alphabet Inc., among others.
With BlackRock’s expertise and Jio’s strong presence in India, the joint venture is expected to bring a transformation in the wealth management industry. Stay tuned for more updates on Jio Financial Services Share Price!
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