Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India.a joint investment project with Jio Financial Services , an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm. The companies each plan to invest up to $150 million in the 50:50 joint venture.
The venture will utilize BlackRock’s expertise and talent in investment management, tech access, operations, scale and market intellectual capital, the announcement said. JFS will in turn contribute to local market insights as well as digital infrastructure and execution capabilities.
.BlackRock, on July 26, officially announced a joint investment project with Jio Financial Services (JFS), an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm.