Jio Financial JV enters stock broking biz; broking stocks fall up to 6%

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Jio Financial JV enters stock broking biz; broking stocks fall up to 6% - Business Standard

Quick Summary:

Jio Financial’s foray into the stock broking business comes soon after its decision to ente the mutual fund business as well.

Notably, the 50:50 joint venture had received the in-principle approval from the Securities and Exchange Board of India (Sebi) to start MF business in October 2024.

On January 17, 2025, Jio Financial Services reported its results for the December quarter.