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SUMMARY
JFS said it has invested INR 136 Cr in Jio BlackRock Asset Management and another INR 93.5 Cr in Jio BlackRock Investment Advisers through separate rights issues
The fundraise, which also saw BlackRock infuse INR 230 Cr, will be used to fund business operations of the two ventures
The asset management JV anchors JFS’ position in the mutual funds and asset management, while the investment advisers JV is focussed on investment advisory
Jio Financial Services (JFS) and…
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