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SEBI gives in-principle nod to set up Jio Financial-BackRock’s MF business | Stock Market News
Source: Live Mint
Jio Financial Services Ltd, the financial services entity spun off from Reliance Industries under Chairman Mukesh Ambani, said on October 4 that markets regulator SEBI has granted in-principle approval to the company and BlackRock Financial Management to act as co-sponsors and set up the proposed mutual fund.
‘Please note that Securities and Exchange Board of India (SEBI) vide letter dated October 3, 2024 has granted in-principle approval to the Company and BlackRock Financial Management Inc to act as co-sponsors and set up the proposed mutual fund. The final registration approval will be granted by SEBI subject to fulfilment by the Company and BlackRock of the requirements set out in the said letter,” said Jio Financial Services in a regulatory filing to the stock exchanges.
