BlackRock and Jio Financial Services 
Dealstreet

AZB, Cyril Amarchand Mangaldas act on BlackRock - Jio Financial Services JV

Both BlackRock and JFS will have a 50:50 stake in the joint venture.

Bar & Bench

BlackRock Inc. is entering into a proposed 50:50 joint venture with Jio Financial Services Limited to undertake wealth management and broking businesses in India.

AZB & Partners is advising BlackRock Inc. on this JV.

The transaction team consisted of Zia Mody (Managing Partner), Ashwath Rau (Senior Partner), Vipul Jain (Partner), Aditya Alok (Partner), Saras Muzumdar (Senior Associate), Shubhi Maheshwari (Associate) and Nandita Varshney (Associate).

Cyril Amarchand Mangaldas is advising Jio Financial Services on this JV.

The transaction team consists of L Vishwanathan (Partner, Chair – Finance, Projects & Insolvency), Anu Tiwari (Partner, Co-Head Fintech), Kush Wadehra (Principal Associate), Naman Lodha (Associate), Shobhit Dave (Associate) and Gaurav Jain (Associate).

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