JIO Financial Services Ltd.

Jio Financial Services and BlackRock have each invested Rs 63 crore in their Joint Venture (JV) namely - Jio BlackRock Asset Management (a 50:50 JV between the company and BlackRock). Both the companies have been allotted 6.30 crore equity shares of face value Rs 10 each of Jio BlackRock Asset Management. JV will utilise the amount to fund its business operations.

Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).