Jio Financial shares rally 5% after Sebi nod for Jio BlackRock broking

Shares of Jio Financial Services surged over 5% on Friday after market regulator the Securities and Exchange Board of India (Sebi) allowed Jio BlackRock Broking to act as a stockbroker and clearing member. The Jio Financial shares have maintained an uptrend for four sessions, rising over 12% during this period.

Earlier today, Jio Financial shares opened 0.46% higher at ₹313.85 after ending 3% higher in the previous session. Extending its opening gains, the financial services firm gained as much as 5.4% to hit an intraday high of ₹329.30, while its market capitalisation climbed to ₹2.07 lakh crore.

The Jio Financial share price gained momentum today after the company informed exchanges that Jio BlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received regulatory approval from Sebi to commence operations as a brokerage firm in India. Jio BlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services and BlackRock Inc.

Sebi has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited (“JBBPL”) to act as a Stock Broker / Clearing Member,” it said in a BSE filing.

“We are delighted to receive Sebi’s final approval for JioBlackRock Broking which moves us closer to contributing to India’s continued evolution from a nation of savers to a nation of investors. With JioBlackRock Investment Advisers, we will be able to offer personalised advice to retail investors. Now with brokerage, we will also bring an execution platform for self-directed investors,” said Marc Pilgrem, Managing Director and CEO of Jio BlackRock Investment Advisers.

Hitesh Sethia, Managing Director and CEO, Jio Financial Services said, “The approval for the broking entity adds another dimension to our strategy of democratising investments in India, through easily accessible and digital-first solutions.” Recently, Jio BlackRock’s asset management arm introduced mutual funds to the market, while Jio BlackRock Investment Advisers is gearing up to launch operations.

“Jio BlackRock was founded to provide tech-enabled access to capital markets, and affordable, innovative investment solutions, to millions of investors in India. This third approval from Sebi completes the range of offerings of our joint venture. Through these three entities, Jio BlackRock will provide a full suite of investment services, enabling Indian investors to work towards their financial goals,” said Rachel Lord, Head of International at BlackRock.

Last month, Jio Financial forayed into digital loan against securities, allowing its customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates. It provides diverse lending solutions, including home loans, loan against property, and corporate financing, all conveniently accessible via the JioFinance app.

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