Stock in News - JIOFIN
JIOFIN l Services and BlackRock have invested a total of ₹66.5 crore in their joint venture, Jio BlackRock Investment Advisers. Each partner was allotted 6.65 crore shares at a face value of ₹10 per share, indicating a 50:50 share allocation in the venture.
Investment Overview
Total Investment: ₹66.5 crore
Equity Shares Allotted: 6.65 crore shares each to JIOFIN Services and BlackRock
Face Value of Shares: ₹10 per share
Joint Venture Structure: 50:50 partnership between Jio Financial Services and BlackRock
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