Latest news with #JBBPL
Economic Times
3 days ago
- Business
- Economic Times
Jio Financial Services shares gain over 4% on broking license news
Jio Financial Services (JFS) shares were trading 4.36% higher at Rs 326.65 on June 27, 2025, compared to the previous close of Rs 312.45. The stock has also gained 10.38% over the past month, continuing its positive momentum. ADVERTISEMENT The recent uptrend comes after the Securities and Exchange Board of India (SEBI) granted a certificate of registration to Jio BlackRock Broking Private Limited (JBBPL) to operate as a stockbroker and clearing member. The registration, dated June 25, 2025, and confirmed by the company on June 26, marks a significant milestone in JFS's efforts to expand its footprint in the capital markets. With this approval, JBBPL can now offer broking and clearing services, further strengthening JFS's position in the evolving financial services space. Jio Financial already operates an asset management joint venture with BlackRock. The addition of broking services will enable deeper integration across offerings such as mutual fund distribution, equity trading, and investment advisory, making the overall platform more competitive and Financial Services' share price has ranged between a 52-week high of Rs 363.00 and a low of Rs 198.65. The stock currently trades at a price-to-earnings (PE) ratio of 123.12 and a price-to-book (PB) ratio of 1.61. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
3 days ago
- Business
- Business Upturn
Jio Financial Services announces SEBI stockbroker license approval for Jio BlackRock Broking
By Aditya Bhagchandani Published on June 27, 2025, 10:42 IST Jio Financial Services Limited has announced that its broking joint venture, Jio BlackRock Broking Private Limited (JBBPL), has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member. In a regulatory filing on June 27, 2025, the company stated that the SEBI registration was granted on June 25, 2025. Jio Financial Services received the formal intimation from JBBPL on June 26, 2025, at 11:09 AM. This development follows earlier disclosures made by the company on April 15, 2024, and January 21, 2025, regarding the progress of its broking business partnership with BlackRock. Jio BlackRock Broking Private Limited will now be able to offer stockbroking and clearing services in India's capital markets, strengthening Jio Financial Services' position in the financial services sector. The company stated that this update is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
