Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock, on Tuesday announced the receipt of regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for their mutual fund business in India.
JioBlackRock Asset Management also announced the appointment of Sid Swaminathan as it’s Managing Director and Chief Executive Officer (CEO).
At 1:35 PM, Jio Financial Services share price was trading 1.19% higher at ₹285.10 apiece on the BSE.
