Jio Financial, Blackrock form JV to set up wealth management and broking business-February 2024-www.financetom.com

Jio Financial, Blackrock form JV to set up wealth management and broking business

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Jio Financial, Blackrock form JV to set up wealth management and broking business

Apr 15, 2024 7:29 AM

MUMBAI, April 15 (Reuters) - India's Jio Financial

Services has entered into a joint venture with

U.S.-based BlackRock Inc ( BLK ) to set up a wealth management

and broking business, the companies said on Monday.

Jio Financial Services, part of billionaire Mukesh Ambani

led-Reliance Group, and BlackRock ( BLK ) formed a 50:50 joint venture

to launch asset management services in India in July 2023.

The two companies had planned an initial investment of $150

million each in the joint venture.

Previous page： Lundin Mining Share Capital Decreases Due to Buybacks Next page： SSR Mining Closes CC&V Acquisition and Voluntarily Delists From ASX

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Lundin Mining Share Capital Decreases Due to Buybacks

Mar 3, 2025

07:08 AM EST, 03/03/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) late on Friday said its issued and outstanding shares decreased by roughly 1.9 million to 865.9 million common shares with voting rights as of Feb. 28. The decrease resulted from share buybacks completed under a normal course issuer bid, offset by the exercise of employee stock options or...

SSR Mining Closes CC&V Acquisition and Voluntarily Delists From ASX

Mar 3, 2025

07:07 AM EST, 03/03/2025 (MT Newswires) -- SSR Mining ( SSRGF ) on Monday said it closed its previously announced acquisition of Cripple Creek & Victor gold mine from Newmont ( NEM ) . The company made a $100 million cash payment to Newmont ( NEM ), with up to $175 million in additional milestone-based payments to be made in...

ING Launches $73.2 Million Share Repurchase Program

Mar 3, 2025

07:07 AM EST, 03/03/2025 (MT Newswires) -- ING (ING) said Monday it initiated a share repurchase program with a maximum value of 70 million euros ($73.2 million) to fulfill obligations related to share-based compensation plans. The company said the repurchase will begin Monday and is expected to conclude by March 7. The European Central Bank has approved the program, which...

McEwen Mining Posts Drill Results from Timberline Property in Nevada

Mar 3, 2025

07:06 AM EST, 03/03/2025 (MT Newswires) -- McEwen Mining ( MUX ) on Monday released drill results from the Windfall project, part of the Timberline property in Nevada. Highlights of the results include 2.85 grams per tonne gold over 33.5 meters from 64 meters, 6.96 g/t gold over 10.7 meters from 83.8 meters, 1.57 g/t gold over 48.8 meters from...