Jio Financial Share Price Jumps Over 4% After SEBI Nod to Jio BlackRock Broking

Market Performance

Jio Financial's share price experienced a sharp increase on Friday, rising over 4% following a regulatory green light from the market watchdog.

• NSE Closing Price: ₹325.70
• Percentage Gain: 4.22%
• Trend: Fourth straight session in green
• Total 4-Day Gain: Over 10%

This positive movement in the Jio Financial share price reflects increasing investor confidence in the regulatory approval.

Main News

The SEBI has approved Jio BlackRock Broking Private Limited (JBBPL) to operate as a stockbroker and clearing member. This significant development was communicated to the exchanges by the company.

The approval came in the form of a Certificate of Registration dated June 25, 2025, issued by SEBI. This milestone enables Jio BlackRock Broking to commence operations in India's growing capital markets.

Company Details

• JBBPL is a joint venture between Jio Financial Services and BlackRock, the world's largest asset manager.
• The venture was announced in July 2023, with both parties holding an equal 50:50 stake.
• In January 2025, both companies invested ₹117 Crore in the mutual fund arm of the joint venture.
• The collaboration is built around a digital-first approach, aiming to reshape India's asset management landscape.

This initiative positions Jio Financial as a significant player in India's rapidly evolving financial services sector.

Summary

The Jio Financial share price continued its upward momentum, boosted by SEBI's approval for its broking unit. The joint venture with BlackRock is steadily gaining regulatory traction, which is helping to build investor optimism.

With four consecutive days of gains and returns exceeding 10% in less than a week, the stock's latest rally signals strong market sentiment following strategic progress in its broking and mutual fund ambitions.