IPO-bound Jio Financial Services and US-based BlackRock form a $300mn JV to provide asset management services.

Jio Financial Services (JFS) a separate division of Reliance Industries has teamed up with BlackRock to make its mark, in India’s asset management sector.

Reliance Industries, after its demerger, has introduced a new entity called Jio Financial Services (JFS).

The initial investment for this venture will be $150 million from each partner.