Can Jio-BlackRock JV Shake Up The AMC Space?
2023 • 7min • News • Business
Published On: July 27, 2023 - Jio Financial Services and the world's largest asset manager BlackRock has signed an agreement to foray into the asset management industry. The 50:50 joint venture between the two will deliver tech-enabled access to affordable investment solutions. Both companies will initially invest $150 million, or Rs 1,230.2 crore, each in the joint venture. News9's Kartik Malhotra, KrishnaKumar & Shweta Kothari discusses this latest development in detail.