Jio BlackRock Asset Management Private Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and US-based BlackRock, announced the appointment of its executive leadership team to drive operation
In January, Jio Financial and its joint venture partner, US-based BlackRock, had infused Rs 117 crore in the mutual fund company Jio BlackRock Asset Management Private Limited
The investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice indictment in a bribery case in November last year
Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by world's top investors with $529 billion MFS Investment Management of US being its largest investor with 14.02% stake
The development comes about two months after Byju's had raised about USD 500 million (about Rs 3,672 crore) in a round that valued the company at USD 10.8 billion.
