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Vaibhav Babruwan Shingde

Student • 1y

• 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 • 1y

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 • 1y

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

Havish Gupta

Figuring Out • 1y

Infrastructure for what?

Vaibhav Babruwan Shingde

Student • 1y

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

Havish Gupta

Figuring Out • 1y

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

Vaibhav Babruwan Shingde

Student • 1y

I think , 150 Million Dollar each 📈

Havish Gupta

Figuring Out • 1y

It will be Much more than that

Vaibhav Babruwan Shingde

Student • 1y

Due to this reason, Stock prices of Jio Financial services rise by 5%.

2 replies2 likes

Replies (2)

Havish Gupta

Figuring Out • 1y

Tho actually now people think that if reliance does anything, it will disrupt the market So when jfs was being listed, even the reputated channels were like it will open 100% up, etc. Reliance have become magnus of business (that savage chess player)

1 replies1 like

Havish Gupta

Figuring Out • 1y

🚀🚀

0 replies1 like

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