Jio BlackRock Broking's parent company, Jio BlackRock Investment Advisors, is a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc.
Jio Financial Services, the financial services unit of the Reliance group, is once again in the spotlight. The company's shares saw a significant surge on Friday after the market regulator, SEBI, officially approved its joint venture, Jio BlackRock Broking, to become a stockbroker and clearing member.
Following this approval, Jio Financial's stock price rose by nearly 5 percent in the stock market, reaching a high of ₹326.55 intraday. This surge is considered a crucial turning point for the company, as this approval is a major step towards fully launching its broking and investment advisory business.
Green light from SEBI for broking business
Jio Financial Service informed in an exchange filing that it received this approval from SEBI on June 25, 2025. Jio BlackRock Broking now has the full authority to operate as a stockbroker and clearing member in the Indian stock market.
This company is, in fact, a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc., a leading asset management firm from the United States. The purpose of this partnership is to provide a modern, digital, and customer-centric investment platform to retail investors in India.
Increase in share prices
In the trading session on Friday, Jio Financial's shares opened at ₹313.85 compared to the previous closing price of ₹312 and quickly reached ₹326.55, a 5 percent jump. By 12:05 PM, the share was trading at ₹327.50, a gain of 4.83 percent.
This upward trend has continued for the past four trading sessions. Investors' confidence has grown that Jio Financial will emerge as a major financial powerhouse in the future.
Approval also received as an investment advisor
This joint venture of Jio Financial and BlackRock had already received another important approval from SEBI. On June 10, 2025, SEBI issued a registration certificate to Jio BlackRock Investment Advisors as an investment advisor.
This means that this institution can now provide services such as personal financial planning and portfolio management to investors. Additionally, the company is developing a digital platform to provide an easy interface and a seamless experience for investors who make 'direct investments'.
Approval was also received for mutual fund business
In May of this year, Jio BlackRock Mutual Fund was also approved by SEBI as an investment manager for mutual fund operations in India. This means that Jio and BlackRock have now entered the Indian market on all three fronts: mutual fund business, investment advisory, and now broking services.
This strategy of Jio is considered a major initiative towards providing a comprehensive digital platform in the Indian investment market that will cover investors at every level.
Significant investment in payment bank as well
Jio Financial has also made a fresh investment of ₹190 crore in its subsidiary, Jio Payments Bank Limited. The company has been allocated 19 crore equity shares with a face value of ₹10 through a cash investment.
This investment shows that the company is also serious about the digital payments space and is working on a plan to strengthen its presence in this area. This will promote banking access in both rural and urban areas.
Market's focus on the company's strategy
Jio Financial's strategy is clear: to create a multi-service financial platform that covers the entire range from mutual funds to stock broking and payment banking.
Considering the rapidly growing digital financial service segment in India, this plan is considered very timely. The special thing is that the partnership with a global investment giant like BlackRock provides an even ber foundation for this plan.
Positive atmosphere in the market
According to experts, there is currently a positive sentiment in the market regarding Jio Financial. The company is continuously entering new areas and is also rapidly receiving regulatory approvals.
At the same time, investors are confident that Reliance's b network and BlackRock's investment expertise can take this joint venture ahead of other financial companies.
