Page 3 - Blackrock

Jio Financial Services, BlackRock infuse Rs 117 cr in mutual fund company

Jio Financial Services Ltd (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused Rs 117 crore in the mutual fund company. JFSL and BlackRock each have further subscribed to and have been allotted 5.85 crore equity shares of Rs 10 each of Jio BlackRock Asset Management Private Limited (a 50:50 Joint Venture between the company and BlackRock) aggregating Rs 117 crore, the company said in a regulatory filing. Jio BlackRock Asset Management Private Ltd submitted an application to SEBI, seeking approval. JFSL and BlackRock have made an initial investment of Rs 82.5 crore each in this entity. Another subsidiary Jio BlackRock Investment Advisers Private Ltd, a Joint Venture company of the company has informed that it has incorporated a wholly owned subsidiary named Jio BlackRock Broking Private Limited' on January 20, 2025 to carry on the business of broking subject to regulatory approvals. During the third quarter, Jio Financial Services Ltd's

Jio Financial Services, BlackRock joint venture sets up broking unit

The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"

NZAM suspends activities after BlackRock exit amid US political pressure

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan. 9 citing confusion over its climate efforts

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

BlackRock's Bitcoin fund becomes 'greatest launch in ETF history'

The iShares Bitcoin Trust (ticker IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets

BlackRock sees investor shift from cash after even 'modest' rate cuts

Expectations earlier this year that the US central bank would cut interest rates aggressively after hiking them to fight inflation have moderated in recent months

AI analytics firm Pyramid Analytics secures $50 mn from BlackRock

The Amsterdam-incorporated company, which has offices in London, New York City and Tel Aviv, declined to disclose its equity valuation following the investment

India bond ETFs likley to draw billions as Amundi, BlackRock join race

Indian bonds have attracted $15.7 billion of inflows this year, the most in Asia behind China, South Korea and Japan, data compiled by Bloomberg show

BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost

Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter

Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry

Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management

Sebi grants approval to Jio Financial, BlackRock for setting up MF business

The companies signed a second joint venture in April to set up a wealth management and broking business in the country

BlackRock chases private credit deals across sectors in record India market

India is a bright spot for private credit in Asia as Prime Minister Narendra Modi's ambitious growth targets and deregulation initiatives spur increased funding needs of local firms

Blackrock, Microsoft join hands to raise $30 billion for AI investments

The infrastructure investments - including energy projects - will be mostly in the US, with a portion of the funds to be deployed in US partner countries, the companies said in a statement

Temasek nears deal to acquire a significant minority stake in VFS Global

Blackstone will remain the majority shareholder in VFS after the transaction, the people said. Considerations are ongoing and no final decisions have been made, they added

Jio Financial, BlackRock Advisors enter JV for investment advisory services

Jio Financial Services on Sunday said it has formed a joint venture with BlackRock Advisors Singapore Pte Ltd to undertake investment advisory business. Jio BlackRock Investment Advisers Private Limited was incorporated on September 6 to carry on the primary business of investment advisory services, subject to regulatory approvals, Jio Financial Services said in a filing. The company will invest Rs 3 crore towards an initial subscription of 30,00,000 equity shares of face value Rs 10 each, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs on September 7, 2024, it added. Jio Financial Services Ltd, the demerged financial services arm of billionaire Mukesh Ambani's Reliance, had earlier announced a joint venture for asset management and wealth management with BlackRock. Last month, Jio Finance Ltd, an NBFC arm of Jio Financial Services, said it is in the advanced stages of launching home loans, which have been rolled out in beta mode. Bes

Sanlam eyes India wealth management after BlackRock, Jio join contest

Insurer plans to build out its partnership with Shriram Capital Group in India by adding an equal joint venture covering wealth and advice services, doubling down on an initial 2005 investment

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

BlackRock buys 4.55 mn shares of Swan Energy worth Rs 304 cr via block deal

Global asset manager BlackRock on Monday bought shares of Swan Energy for Rs 304 crore through open market transactions. US-based BlackRock through its three affiliates acquired 45.56 lakh shares, amounting to a 1.45 per cent stake in Mumbai-based Swan Energy, as per the block deal data available with the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 668.27 apiece, taking the combined deal size to Rs 304.50 crore. Meanwhile, Mauritius-based private equity fund 2i Capital PCC, EOS Multi-Strategy Fund AIFLNP VCIC, Dovetail India Fund, Epitome Trading and Investments and Paulomi Ketan Doshi were among the entities which offloaded shares of Swan Energy. The shares were disposed of in the price range of Rs 666.20-692.60 per piece. Shares of Swan Energy jumped 5 per cent to close at Rs 692.60 apiece -- its upper circuit limit -- on the NSE. Swan Energy operates across sectors including textiles, real estate, energy, and petrochemicals.

G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others

While GOAT has completed the $21 million raise, the round is likely to get extended and close at about $30 million given the interest and the active discussions

Asset manager BlackRock to buy UK data firm Preqin for $3.2 bn in cash

BlackRock, which manages more than $10 trillion, is seeking to capitalise on a boom in demand from investors for alternative assets