Jio Financial Services Share Price Surges After Subsidiary Gets Sebi Approval For Starting Broking Business

Jio Financial Share Price: Shares of Jio Financial Services surged nearly 5 per cent to trade at an intraday high of Rs 327.7 apiece on the NSE. The stock gained after the Jio Blackrock Broking Private Ltd (JBBPL) was granted approval to act as a stock broker/clearing member. On June 27 Jio Financial Services informed the exchanges via a filing that it has been granted a certificate of registration dated June 25, 2025 to act as a stock broker/clearing member.

“Please note that the Securities and Exchange Board of India, has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited (“JBBPL”) to act as a Stock broker/clearing member,” the filing said.

Notably Jio BlackRock Broking Private Ltd is a wholly owned subsidiary of Jio BlackRock Investment Advisers Private Ltd. Jio BlackRock Investment Advisers operates as a 50:50 joint venture between Reliance Group company Jio Financial Services Limited and American multinational investment company BlackRock Inc.

The capital market regulator’s approval to Jio BlackRock Broking Private Ltd for commencing its stock-broking business and other recent approvals given to Jio BlackRock Asset Management Private Limited and Jio BlackRock Investment Advisers are expected to enable the joint venture to offer comprehensive investment services.

Earlier on June 11, Jio Financial Services informed the exchanges that it had received approval from the market regulator to operate as an investment adviser. Earlier in May the company’s mutual fund vertical, Jio BlackRock Mutual Fund also got Sebi’s green light for commencing operations of its mutual fund business.

Jio Financial Services Share Price History

In the past one year shares of Jio Financial Services have declined over 8 per cent on the NSE. So far in 2025 the stock has traded higher by over 9 per cent. In the last six months Jio Financial Services share price has gained over 7 per cent and in a month the Reliance group company’s stock has climbed nearly 11 per cent. In the last five sessions the stock has surged nearly 14 per cent.

At the time of writing shares of Jio Financial Services traded at Rs 323.4 apiece up by 3.49 per cent on the NSE.