New Delhi: The Jio Financial’s shares are on the rise after Securities and Exchange Board of India (SEBI) gave its nod to Jio BlackRock Broking to work as a stock broker and clearing member.
The Jio Financial stock gained around 5 percent on the BSE on June 267, 2025. The counter opened at Rs 313.85 against its previous close of Rs 312.40 and surged 4.5 per cent to reach an intraday high of Rs 326.55. At around 12:30 pm, the scrip was trading at Rs 325.80, a gain of 4.25 per cent.
Jio Financial has informed the exchanges that the Securities and Exchange Board of India has issued a certificate of registration to Jio BlackRock Broking Private Limited as a stock broker and clearing member on June 25, 2025.
The latest development comes after Jio Financial Services on June 11 in its exchange filing stated that Jio BlackRock Investment Advisory has received approval from SEBI to act as an investment advisor.
“Securities and Exchange Board of India, vide letter dated June 10, 2025,
has granted certificate of registration to Jio BlackRock Investment Advisers Private Limited (“JBIAPL”) to act as an Investment Adviser,” Jio Financial has mentioned in its regulatory filing.
Jio Financial infuses Rs 190 cr in payments Bank arm
On June 26, 2025, Jio Financial Services Ltd (JFSL) announced to pump in Rs 190 crore in its payments bank subsidiary. The company informed the exchanges that it has been allotted 19,00,00,000 equity shares of Rs 10 each of Jio Payments Bank Ltd.
The Company has today, subscribed to and has been allotted 19,00,00,000 equity shares of Rs 10/- each of Jio Payments Bank Limited, wholly owned subsidiary, for cash at par, aggregating Rs 190 crore. The transaction is between the company and its wholly owned subsidiary and hence a related
party transaction. It is on an arm’s length basis. None of the Company’s promoter / promoter group / other group companies have any interest in the above transaction. No governmental or regulatory approval is required for the above transaction.