Jio Financial shares surge nearly 5% after Sebi greenlights Jio BlackRock broking business
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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. 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 di...