Jio BlackRock Raises $2.1B in Mutual Fund Offerings

  Published 9 months ago

Jio BlackRock raises $2.1B in cash/debt mutual funds, first offering since May license, attracting 90+ institutions and 67K+ retail investors.

  • A joint venture between Reliance's Jio Financial and U.S.-based BlackRock raised $2.1B in a debut offer.
  • Three-day offering attracted 90+ institutional and 67,000+ retail investors.
  • Funds focus on cash/debt, the first since the May 2023 license approval, with strong retail and institutional demand.

You might like these

India Eases Bank Ownership Rules for Foreign Investors

Radico Launches Luxury Vodka Brand

TRAI Finalizes PM-WANI Tariff Framework for PDOs 2025

Gravita India Shares Jump on Recycling Scheme News

Zydus Inspection 2025: VAI Revised

PTC India FY25: Profit Up Despite Revenue Dip

Dodla Dairy Acquires OSAM Brand

News that matters the most ⚡