American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Jio Financial shares rally close to 5% after SEBI nod to Jio BlackRock Broking

by admin June 27, 2025
June 27, 2025
Jio Financial shares rally close to 5% after SEBI nod to Jio BlackRock Broking

Jio Financial shares witnessed a steep rally on Friday after India’s stock market regulator SEBI gave a green signal to the newly formed Jio BlackRock Broking.

With approval from the Securities Exchange Board of India (SEBI), Jio BlackRock Broking can start its operations and act as a stockbroker and clearing member.

In a regulatory filing with SEBI, Jio Financial informed that:

“The Securities and Exchange Board of India has granted a certificate of registration dated June 25, 2025, to Jio BlackRock Broking Private Limited to act as a stockbroker/clearing member.”

The development pushed the share prices of Jio Financial Services, which traded around 5% higher at Rs 326.55 during the day.

Jio BlackRock Broking Private Limited is fully owned by Jio BlackRock Investment Advisers Private Limited.

This is not the first good news for the Jio BlackRock partnership in India as earlier SEBI gave its approval to Jio BlackRock Investment Advisers to operate as investment advisors.

Potential disrupter

Jio BlackRock’s entry is being viewed as a game-changer for India’s Rs 72 lakh crore mutual fund market, which is currently dominated by 44 asset management firms handling assets worth roughly $813.8 billion.

The venture brings together Jio’s expansive digital reach and BlackRock’s international investment know-how.

Its goal is to reduce costs, enhance transparency, and make investment options available even in the remotest parts of India.

According to several investment advisors in India, this move could mark a turning point for the country’s mutual fund landscape.

They believe it may drive greater technological adoption and cost efficiency, ultimately helping the industry reach a much broader section of the population.

Jio Financial shares: What’s more behind recent surge?

The Jio Financial shares are trading high this week after its recent acquisition of more than 7.9 crore equity shares in Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI). The deal, valued at Rs 104.54 crore, was finalized last week.

Originally announced in March, the move marks JFS’s plan to buy SBI’s 17.8% stake in the payments bank and is being viewed as a strategic push to deepen its presence in the digital payments and fintech space.

Jio Financial Services shares have risen nearly 7% since the start of the year, keeping pace with the Sensex, which has posted a similar gain.

However, over the past 12 months, the stock is down around 8%, having touched its 52-week low of Rs 198.60 on March 3.

Its highest point in the same period was Rs 363, reached on September 27 last year.

The surge in Jio Financial shares came amid an overall upbeat trend in the Indian markets as the benchmark indices are trading very close to their all-time highs.

The Indian markets are closely following its Wall Street peers as US stock indices briefly touched a new record on Thursday after a strong backing from tech stocks.

The post Jio Financial shares rally close to 5% after SEBI nod to Jio BlackRock Broking appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
CAC 40 2025 outlook: Biggest winners and losers revealed
next post
NTT Data Group plans Singapore REIT IPO in biggest deal since 2017

Related Posts

FTSE 100 index forecast as the GBP/USD exchange...

April 16, 2025

Asian stocks wobbly on Thursday: Nikkei down 1%,...

January 9, 2025

How Dollar General can fight back against Walmart’s...

March 15, 2025

Indian markets tumble amid escalating Middle East tensions;...

October 3, 2024

Stoxx 50 index forms inverse H&S pattern ahead...

December 9, 2024

After Microsoft, these two stocks could be the...

March 3, 2025

Pi Network ranks 6th in Finland’s app charts,...

May 9, 2025

Nike shares jump on improved outlook, shift from...

June 27, 2025

Saudi Arabia’s $600B US bet: can high oil...

May 16, 2025

Chinese stimulus pushes Asian markets to highest level...

September 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,612)
    • Investing (2,713)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved