Jio Financial Services Limited (formerly Reliance Strategic Investments) has made an investment of ₹66.5 crore in its 50:50 joint venture with BlackRock — Jio BlackRock Investment Advisers Private Limited. This fresh capital infusion, made at face value (₹10 per share), will be used to fund the JV’s ongoing business operations.
As per a regulatory filing dated April 3, 2025, both Jio Financial Services and BlackRock have subscribed to 6.65 crore equity shares each, amounting to a total of ₹133 crore in fresh capital for the JV. With this latest transaction, the aggregate investment in the JV now stands at ₹84.5 crore.
The transaction is categorized as a related party investment but has been executed at an arm’s length basis. Notably, none of Jio’s promoter group or group companies are interested in the transaction. No regulatory or government approvals were required.
Jio BlackRock, the collaborative venture between India’s financial powerhouse and the global asset management giant, aims to disrupt India’s investment landscape with tech-enabled and customer-centric solutions.
The filing also notes that the investment was completed at 1:16 p.m. on April 3.
This strategic step underscores Jio’s growing ambitions in the financial services space, further diversifying its portfolio beyond traditional telecom and digital services.
