Jio BlackRock Broking Pvt Ltd. has received final approval from SEBI (Securities and Exchange Board of India) to start its brokerage business in India. This means the company can now officially offer stock trading and investment services.
Jio BlackRock Broking is a part of Jio BlackRock Investment Advisers, which is owned equally by Jio Financial Services and the global investment firm BlackRock Inc. Following the announcement, shares of Jio Financial Services (JFSL) rose by 5.4% during the day and ended 3.57% higher at ₹323.55 on the Bombay Stock Exchange (BSE).
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The company said its goal is to make investing in India easier, more transparent, and driven by technology. With SEBI’s approval, Jio BlackRock can now offer a wide range of investment options including mutual funds, personal investment advice, and now, direct stock trading.
Marc Pilgrem, CEO of Jio BlackRock Investment Advisers, said the new approval will help India move from a country of savers to a country of investors. He also said that Jio BlackRock will now be able to offer services for both guided and self-directed investors.
Hitesh Sethia, CEO of Jio Financial Services, added that the new broking license strengthens their mission to make investing easy and digital-first for everyone in India.
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Rachel Lord, Head of International at BlackRock, said this third SEBI approval now completes Jio BlackRock’s offerings. Together, their three services – mutual funds, investment advice, and brokerage – will help Indian investors achieve their financial goals.
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Just last month, Jio BlackRock Asset Management got the green light to start offering mutual fund services. Now, with this latest approval, the joint venture is ready to provide full investment support to Indian investors.
