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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

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

Havish Gupta

Figuring Outย โ€ขย 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 play

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Hey I am on Medialย โ€ขย 1y

But , Reliance is doing monopoly in every sector and dominating that market like Telecommunication,Retail , Oil , Fashion and now Financial services.

Havish Gupta

Figuring Outย โ€ขย 1y

That's why people are so confident about it. And the best thing about reliance is that they enter one market at a time. First telecom, then ott, now financials

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