JioBlackRock Investment Advisers gets Sebi nod to start advisory business

JioBlackRock Investment Advisers, the 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock Inc has received the green light from capital markets regulator Sebi and BSE to begin operations as an investment adviser in India.

This approval marks another key step for JioBlackRock after Sebi had already approved JioBlackRock AMC in May to manage its mutual fund business in India.