Last Updated:
Jio Financial Services’ shares rose nearly 5 per cent in morning trade on the BSE on Friday, June 27; Key points for investors
Jio BlackRock
Jio Financial Shares: Jio Financial Services’ shares rose nearly 5 per cent in morning trade on the BSE on Friday, June 27, after the Securities and Exchange Board of India (SEBI) approved Jio BlackRock Broking to operate as a stockbroker and clearing member. The stock opened at Rs 313.85 against its previous close of Rs 312.40 and jumped sharply to an intraday high of Rs 326.55, up 4.5 per cent. Around 11:05 AM, the stock was trading at Rs 326, up 4.35 per cent, poised to log gains for the fourth consecutive day.
SEBI Nod for Jio BlackRock Broking
In a regulatory filing on June 27, Jio Financial said: “The Securities and Exchange Board of India (SEBI) has granted a certificate of registration dated June 25, 2025, to Jio BlackRock Broking Private Limited to act as a stockbroker/clearing member.”
Jio BlackRock Broking is a wholly owned subsidiary of Jio BlackRock Investment Advisers Private Limited.
“With JioBlackRock Investment Advisers, we offer personalised advice to retail investors. Now with the broking arm, we will also provide an execution platform for self-directed investors,” said Marc Pilgrem, MD & CEO of Jio BlackRock Investment Advisers.
Earlier this month, on June 11, Jio Financial had said that SEBI had granted Jio BlackRock Investment Advisers a license to operate as an investment adviser. This followed SEBI’s approval in May for Jio BlackRock Mutual Fund to begin operations as an investment manager in India.
“This third approval from SEBI completes the suite of services under our joint venture. Through these three entities, JioBlackRock will offer a comprehensive range of investment solutions for Indian investors,” said Rachel Lord, Head of International at BlackRock.
Rs 190 Crore Infused in Payments Arm
Separately, Jio Financial has infused Rs 190 crore into its wholly owned subsidiary, Jio Payments Bank Ltd. The company has been allotted 19 crore equity shares of Rs 10 each, fully paid in cash, as per its regulatory disclosure.
Shares of Jio Financial Services have gained nearly 7 per cent this far in 2025, mirroring gains in the benchmark Sensex. However, over the past year, the stock has declined by around 8 per cent. It hit a 52-week low of Rs 198.60 on March 3 and a 52-week high of Rs 363 on September 27, 2024.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
- First Published: