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Vaibhav Babruwan Shingde

Student • 12m

• Yesterday I already Said that There will be a Joint venture between Jio and BlackRock , Now it's confirm and official news . • This Joint Venture will be partnered at 50:50 Ownership and most focused on Stock Broking, Asset Management and I don't

Havish Gupta

Figuring Out • 12m

Exactly. Untill now reliance disrupted more or consumer business but this is d2b. So its had and further the industry is commition based to competing on Price is hard Only thing they have benifit is about black rocks international presence

Vaibhav Babruwan Shingde

Student • 12m

Yes but I think, they will acquire or already Jio built infrastructure 🤔

Havish Gupta

Figuring Out • 12m

Infrastructure for what?

Vaibhav Babruwan Shingde

Student • 12m

For Stock Broking,Asset Management and SIP means Tech that required.

Havish Gupta

Figuring Out • 12m

Yup. They may go for it. Btw how much cash are both Company bringing together?

Vaibhav Babruwan Shingde

Student • 12m

Not disclosed yet but 50: 50 Partnership is there for both.

Havish Gupta

Figuring Out • 12m

Looking at the BlackRock's 10$ t aum, it will be worth 10 billions (probobly) The number is important to guess which companies they can aquire

Vaibhav Babruwan Shingde

Student • 12m

Obviously 🙄

0 replies1 like

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