Jio Financial Services the non-banking subsidiary of Mukesh Ambani’s  Reliance Industries has become stronger in the investment advisory sector. In a recent decision the company has invested additional capital into its joint venture which is Jio BlackRock Investment Advisers Private Limited in partnership with BlackRock Advisors Singapore. Jio Financial Services Reliance Industries had announced the demerger of its financial services business on July 20 2023 and renamed it Jio Financial Services (JFS). The company was listed on stock exchanges in August 2023 and after this it has expanded into multiple financial sectors. Jio BlackRock Joint Venture On Thursday Jio Financial Services announced that it along with BlackRock had subscribed to and been allotted 66500000 shares of Jio BlackRock Investment Advisers Private Limited each with a face value of Rs 10. This new investment amounts to Rs 66.5 crore and makes the total investment in the JV to Rs 84.5 crore. The additional capital will be used for funding of the JV’s business operations and for its expansion in the investment advisory market. Jio BlackRock Investment Advisers Private Limited It was established on September 6 2023 Jio BlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services and BlackRock. It was created to give investment advisory services. An initial investment of Rs 3 crore was done in 3 million equity shares of Rs 10 each. Jio Financial Services Share Performance JFS shares closed in the positive note at Rs 230.45 per share on the BSE on Thursday. Over the past one week the stock has risen by 2% and increased by over 14% in the last month. However in 2025 so far JFS stock has declined by 24% according to BSE analytics data.