Jio BlackRock Broking Gets SEBI Green Light

Jio BlackRock Broking Gets SEBI Green Light; Jio Financial Stock Surges Jio Financial Services has received a major boost as its joint venture, Jio BlackRock Broking Private Limited (JBBPL), secured final approval from SEBI to operate as a stockbroker and clearing member. This milestone marks the third regulatory nod for the Jio-BlackRock alliance, following earlier approvals for mutual fund and investment advisory services. 📊 Financial Snapshot (as of June 27, 2025) Share Price: ₹327.75 (↑4.91% intraday) Market Cap: ₹2.07 lakh crore P/E Ratio: 374.81 EPS: ₹0.83 Price-to-Book: 8 Return on Equity: 2.13% Beta (1Y): 1.5 — indicating high volatility Promoter Holding: 47.12% (as of March 2025) 🔮 Outlook The SEBI approval completes Jio BlackRock’s full-service financial suite, enabling it to offer tech-driven, affordable investment solutions across broking, mutual funds, and advisory. With this, Jio Financial is positioning itself as a digital-first powerhouse in India’s evolving investment landscape.