BENGALURU -- Top global money manager BlackRock has partnered with Jio Financial Services -- part of the Reliance group led by India's richest man, Mukesh Ambani -- to launch an asset management business in the country, the companies said on Wednesday.
The 50-50 joint venture called Jio BlackRock will deliver "tech-enabled access to affordable, innovative investment solutions for millions of investors in India," the partners said in a statement, adding that each company will invest $150 million.
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