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Jio Financial Share Price Jumps Almost 5% After Sebi Approves Jio Blackrock Broking as a Stockbroker

  • Jio Financial's share price rose over 4% following the approval from the Securities and Exchange Board of India for Jio BlackRock Broking to function as a stockbroker.
  • Jio BlackRock Broking is set to launch operations in India's stock broking and clearing segment following this regulatory approval, reflecting its aim for a full-service financial platform in India.
  • The stock of Jio Financial has gained more than 10% over the last four trading days, climbing to ₹325.70 on the NSE.
  • This approval is part of Jio Financial's plans to expand into various financial services, having previously invested ₹117 crore in mutual funds.
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Market regulator SEBI has approved Mukesh Ambani's Jio BlackRock Broking Private Limited (Jio BlackRock Broking Pvt Ltd) for brokerage business. Now this company is going to enter the broking platform. This company is a wholly owned subsidiary of Jio BlackRock Investment Advisors. After this news, shares of Jio Financial Services rose 4 percent to Rs. 327.75. Mukesh Ambani's company aims to bring cheap, transparent and technological changes to I…

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InvestingCube broke the news in on Thursday, June 26, 2025.
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