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BlackRock and reliance industries join forces in new Indian asset management venture

Reliance Industries, owned by the richest man in Asia, Mukesh Ambani, has partnered with BlackRock to establish an asset management venture for non-banking finance companies in India.

The aim is to develop Jio Financial Services into one of the biggest non-banking finance companies of the country by leveraging Reliance's retail and telecom businesses. Photo: Getty Images
The aim is to develop Jio Financial Services into one of the biggest non-banking finance companies of the country by leveraging Reliance’s retail and telecom businesses. Photo: Getty Images

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