Jio Financials - New kid of Reliance in a large Financial Space

Stock Opportunities Not-so-Hidden Gems
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So, Now that this will be part of Nifty. I think this should have its own Thread.
I think the developments happening in this company is worth the discussion here.

  • Jio BlackRock Broking Unit Established: Jio Financial Services’ joint venture with BlackRock, named Jio BlackRock Investment Advisors, has incorporated a wholly-owned subsidiary called Jio BlackRock Broking Pvt. Ltd. on January 20, 2025.
  • Broking Business Expansion: This new entity, Jio BlackRock Broking, is set to undertake stock broking services, pending regulatory approvals.
  • Mutual Fund and Wealth Management Focus: Prior to establishing the broking unit, the Jio-BlackRock JV had already set up entities in the mutual fund (MF) and wealth management spaces.
  • Capital Infusion in JV: Jio Financial Services and BlackRock have each made an initial investment of ₹3 crore into their joint venture, Jio BlackRock Investment Advisers Private Limited, which was incorporated in September 2024.
  • Local Debt Market Foray Planned: Jio Finance Ltd. (a subsidiary of Jio Financial Services) is planning to enter the local currency debt market for the first time. They are in discussions with lenders and may issue loans or bonds as early as the January-March 2025 quarter.
  • AAA Credit Rating: Jio Finance Ltd. possesses a AAA credit rating from Crisil Ratings for its debt facilities, which is higher than most Indian non-banking finance companies. They intend to leverage this strong rating for their debt market activities.
  • Digital Financial Services Ecosystem: Jio Financial Services aims to build a digital-first financial services ecosystem in India, offering services like loans, savings, digital insurance, and payments through the JioFinance app.
  • Range of Financial Products: Jio Finance Ltd. offers a variety of financial products, including mortgages, loans against property, life and health insurance, and corporate lending, in addition to its new ventures in asset management and broking.

Disc. Invested since a year.

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lease read forum guidelines properly before initiating a thread.
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