Jio Financial and BlackRock invest ₹66.5 crore in Jio BlackRock Investment Advisers

The joint venture will use the funds to support its business operations. With this, the total investment in the JV to date is ₹84.5 crore, Jio Financial Services said in a statement to the stock exchanges.

The investment is classified as a related-party transaction conducted on an arm’s length basis. None of the company’s promoters/promoter groups/other group companies have any interest in the above investment.

Shares of Jio Financial Services on Thursday closed at ₹230.64 apiece, rising 0.37% on the National Stock Exchange.

Jio Financial joined the NIFTY50 index on March 28, 2025. Shares of the company have gained over 0.98% over the last five trading sessions.

Though the stock is down 33.26% for a six-month period since October 3, 2024. Year-to-date, the scrip has lost 24.24%.

Its market capitalisation stands at ₹1.47 lakh crore. It had touched its 52-week low of ₹198.65 per share on March 3, 2025.

The Reliance arm's consolidated net profit remained flat at ₹295 crore in the latest third quarter, compared to ₹294 crore in the corresponding period last fiscal.

Total income stood at ₹449 crore in the reporting quarter, up from ₹414 crore in Q3 FY24. Total expenses increased to ₹131 crore against ₹99 crore in the year-ago period.

For the nine-month period of the financial year 2024-25, the company's net profit rose marginally to ₹1,296 crore compared to ₹1,294 crore a year back.

Jio Financial Services Ltd is involved in investment and financing, payment banking, insurance broking, payment gateway services and payment aggregation.

The Mumbai-based firm is a financial services company. Originally a subsidiary of Reliance Industries, it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023.