Sebi grants approval to Jio Financial, BlackRock for setting up MF business

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Sebi grants approval to Jio Financial, BlackRock for setting up MF business - Business Standard

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Jio Financial said the Securities and Exchange Board of India will grant the final approval after the two companies fulfil certain requirements, on which it did not elaborate.

Days after its demerger from Reliance Industries in July 2023, the company had announced the formation of a 50:50 joint venture with BlackRock to launch asset management services in India.