A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS
July 7 (Reuters) – Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May.
Jio BlackRock is a joint venture between Jio Financial Services (JIOF.NS), part of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd and U.S.-based BlackRock
The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement.
Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala
