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BlackRock, Inc. (NYSE:BLK) reportedly plans to establish a private credit venture with Indian billionaire and the richest Asian Mukesh Ambani’s Jio Financial Services Ltd. Bloomberg, citing people familiar with the discussions, reported that the company is planning to expand into the direct lending space in India. Earlier this month, the companies received approval from India’s market regulator to serve as co-sponsors and establish a mutual fund…

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BlackRock In Talks To Deepen Ties With Mukesh Ambani For Private Credit Venture - BlackRock (NYSE:BLK)

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The two companies will form a 50-50 joint venture to lend to businesses ranging from large companies to startups, if talks materialise, the report said

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BlackRock in talks with India's Jio Financial for private credit venture, Bloomberg News reports

BLACKROCK, the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services to set up a private-credit venture, aiming to tap the expanding direct lending opportunities in India, sources said.

Business Times

BlackRock in talks with Ambani for India private-credit venture

BlackRock Inc., the world’s largest asset manager, is reportedly in discussions with billionaire Mukesh Ambani’s Jio Financial Services Ltd. to establish a private credit venture. The goal is to tap into the expanding direct lending opportunities in India, according to Bloomberg. According to Bloomberg, the proposed 50-50 joint venture aims to provide credit to a wide range of businesses, from large corporations to startups. If the deal proceeds…

Business Upturn

BlackRock and Jio Financial in talks for 50-50 credit venture: Report

The world’s largest asset manager, BlackRock, is reportedly in discussions with Jio Financial Services (JFS) to establish a private credit venture.  The 50:50 partnership will aim to leverage the growing direct lending market in India, with plans to provide loans to a wide range of businesses – from large corporations to startups, Bloomberg reported. Notably, the joint venture (JV) would mark BlackRock’s fourth collaboration with JFS. However, t…

Inc42 Media

JFS, BlackRock In Talks To Roll Out Private Credit Venture

SUMMARY BlackRock, is reportedly in discussions with Mukesh Ambani’s Jio Financial Services to establish a private credit venture. The plans include offering loans to a wide range of businesses, from large corporations to startups. The firms previously teamed up to launch wealth management and stock broking ventures in India.  
The world’s largest asset manager, BlackRock, is reportedly in discussions with Jio Financial Services (JFS) to establi…

BlackRock In Talks To Deepen Ties With Mukesh Ambani For Private Credit Venture - BlackRock (NYSE:BLK)

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