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Hey I am on Medialย โ€ขย 1y

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

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Havish Gupta

Figuring Outย โ€ขย 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

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Hey I am on Medialย โ€ขย 1y

Yes but I think, they will acquire or already Jio built infrastructure ๐Ÿค”

Havish Gupta

Figuring Outย โ€ขย 1y

Infrastructure for what?

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Hey I am on Medialย โ€ขย 1y

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

Havish Gupta

Figuring Outย โ€ขย 1y

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

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Hey I am on Medialย โ€ขย 1y

I think , 150 Million Dollar each ๐Ÿ“ˆ

Havish Gupta

Figuring Outย โ€ขย 1y

It will be Much more than that

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Hey I am on Medialย โ€ขย 1y

I think , Initially it will be more sufficient.

Havish Gupta

Figuring Outย โ€ขย 1y

Well they don't have to run ads, what they will do with 300 mil

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Hey I am on Medialย โ€ขย 1y

I think , it will be more minimum 5 Billion Dollar.

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