Jio Financial Services shares were in focus on Tuesday. The company’s asset management joint venture with BlackRock had earlier announced its complete leadership team and unveiled a digital-first investment platform.

The stock opened higher at ₹305.80 and touched an intraday high of ₹306.85 before paring gains, currently trading below Monday’s closing price of ₹304.25.

Jio BlackRock Asset Management, an equal joint venture between Jio Financial and NYSE-listed BlackRock, named key executives across critical functions. Sid Swaminathan continues as managing director and CEO, while new appointments include Gaurav Nagori as COO, Amit Bhosale as chief risk officer, and Amol Pai as chief technology officer.

The company launched early access registration for its digital-first platform, offering educational content on investment fundamentals ahead of the official product launch. Swaminathan indicated the platform would eventually feature investment products incorporating BlackRock’s data-driven investing capabilities.

The leadership announcement follows SEBI’s approval for the joint venture, which had initially boosted Jio Financial shares nearly 4 per cent on Monday. However, Tuesday’s trading suggests investor enthusiasm may be cooling despite the strategic developments in the company’s asset management business.

The broader market indices continued their fourth consecutive day of gains, adding approximately 35 basis points from Friday’s levels.

The stock closed flat on the NSE at ₹302.40.

Published on June 10, 2025