Jio Financial Share Rise Nearly 5% After Sebi Approves Jio Blackrock Broking As A Stockbroker

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Posted by AI on 2025-06-27 13:54:02 | Last Updated by AI on 2025-06-27 11:14:34

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Jio Financial Services' shares rose nearly 5 per cent in morning trade on the BSE on Friday, June 27, after the company announced it had received approval from the Securities and Exchange Board of India (SEBI) for its wholly-owned subsidiary, Jio Blackrock Broking Limited, to act as a stockbroker. This development is a significant milestone for the company, as it continues to expand its presence in the financial services sector.

Jio Financial Services is a leading player in the financial services space, offering a range of products and services to its customers. This approval from SEBI will allow Jio Blackrock Broking Limited to facilitate transactions in stock, currencies, and commodity markets.

With this approval, the company can now offer a comprehensive range of financial services to its customers, including equity broking, margin trading, derivatives trading, depository services, and mutual fund distribution. This expansion of its product offerings is expected to drive significant growth for the company.

At the end of the day, Jio Financial Services' share price rose marginally by 0.31 per cent to close at Rs. 57.85 on the BSE. Experts believe the rise is a positive development for the company and anticipate continued growth and success in the financial services space.

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