Jio Financial Services shares rose over 4 percent on Friday after the Securities and Exchange Board of India (SEBI) approved Jio BlackRock Broking to function as a stockbroker.
On the NSE, the stock climbed 4.22 percent to Rs 325.70. This marked the fourth straight session of gains for the stock, which has advanced more than 10 percent over the past four trading days.
The rally came after the company informed exchanges that Jio BlackRock Broking Private Limited (JBBPL) has received a certificate of registration from SEBI dated June 25, 2025, allowing it to operate as a stockbroker and clearing member.
In July 2023, Jio Financial and US-based BlackRock announced a 50:50 joint venture aimed at entering India’s asset management sector with a digital-first model.
Jio Financial Services, BlackRock infuse Rs 117 crore in mutual fund business
In January this year, both partners invested Rs 117 crore in the mutual fund business under the joint venture.
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