Shares of Jio Financial Services jumped 4% after the company announced a key regulatory milestone for its broking joint venture with BlackRock. The venture, Jio BlackRock Broking Private Limited (JBBPL), has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member.
The SEBI registration was granted on June 25, 2025, and Jio Financial Services received official confirmation from JBBPL on June 26 at 11:09 AM, according to the company’s regulatory filing. This marks a major step forward for Jio’s foray into the capital markets space.
The development follows earlier disclosures dated April 15, 2024, and January 21, 2025, regarding the establishment and progress of the broking partnership with global asset management giant BlackRock.
With this approval, Jio BlackRock Broking is now authorized to offer stockbroking and clearing services in India. This move is expected to strengthen Jio Financial’s footprint in the growing financial services sector.
Jio Financial Services shares opened at ₹314.10 and, at the time of writing, touched a high of ₹326.45 during the session. The stock hit a low of ₹312.85. It is trading well below its 52-week high of ₹363.00 but remains significantly above its 52-week low of ₹198.65.
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