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Market Chatter: BlackRock, Reliance's Jio Financial Form New Joint Venture in India
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Market Chatter: BlackRock, Reliance's Jio Financial Form New Joint Venture in India
Apr 15, 2024 8:50 AM

11:15 AM EDT, 04/15/2024 (MT Newswires) -- BlackRock ( BLK ) and Reliance Group's Jio Financial Services entered into a new joint venture to run a wealth management and broking business in India, Reuters reported Monday.

The new joint venture, which was set up less than a year after the companies launched their asset management business, will incorporate a wealth management firm followed by a brokerage company, according to the report.

Neither BlackRock ( BLK ) nor Jio Financial Services immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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