New Delhi: Shares of Jio Financial Services Ltd closed over 2 per cent higher on Tuesday after the company announced a 50:50 joint venture with BlackRock to set up wealth management and broking business.
The stock rose 4.89 per cent to Rs 371.75 during the day on BSE. Late night it closed at Rs 361.85 with a gain of 2.10 percent.
On NSE, shares of the company rose 4.98 per cent to Rs 371.95 during the day and closed at Rs 362.70, up 2.37 per cent.
The market valuation of the company increased by Rs 4,733.2 crore to Rs 2,29,893.59 crore.
In terms of trading volume, over 49.48 lakh shares of the company were traded on BSE and 489.21 lakh shares on NSE during the day.
"The Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd.... have signed an agreement to form a 50:50 joint venture between the Company and BlackRock for the purpose of carrying on the wealth business including the subsequent incorporation of a wealth management company and “Incorporation of brokerage company in India,” Jio Financial said in an exchange filing on Monday.
The RIL group company said the joint venture with BlackRock, Inc. Will further strengthen its relations with.
Earlier, Jio Financial Services had announced a 50:50 joint venture on July 26, 2023, to transform India's asset management industry through a digital-FIR offering and expand access to investment solutions for investors in India. Can be made democratic.
The stock rose 4.89 per cent to Rs 371.75 during the day on BSE. Late night it closed at Rs 361.85 with a gain of 2.10 percent.
On NSE, shares of the company rose 4.98 per cent to Rs 371.95 during the day and closed at Rs 362.70, up 2.37 per cent.
The market valuation of the company increased by Rs 4,733.2 crore to Rs 2,29,893.59 crore.
In terms of trading volume, over 49.48 lakh shares of the company were traded on BSE and 489.21 lakh shares on NSE during the day.
"The Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd.... have signed an agreement to form a 50:50 joint venture between the Company and BlackRock for the purpose of carrying on the wealth business including the subsequent incorporation of a wealth management company and “Incorporation of brokerage company in India,” Jio Financial said in an exchange filing on Monday.
The RIL group company said the joint venture with BlackRock, Inc. Will further strengthen its relations with.
Earlier, Jio Financial Services had announced a 50:50 joint venture on July 26, 2023, to transform India's asset management industry through a digital-FIR offering and expand access to investment solutions for investors in India. Can be made democratic.
