Jio Financial, BlackRock form JV for wealth management and broking in India

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Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and stock broking business in India, the two said Monday.

The announcement follows the two firms launching a joint venture last year to offer asset management services in India.

This is a developing story. Check back for updates. 

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