BlackRock Inc., the world’s largest asset manager, on its proposed asset management joint venture with Jio Financial Services Limited

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Aug 03, 2023

BlackRock Inc., the world’s largest asset manager, on its proposed asset management joint venture with Jio Financial Services Limited

AZB & Partners is advising BlackRock Inc. (“BlackRock”), the world’s largest asset manager, on its proposed asset management joint venture with Jio Financial Services Limited (“JFS”).

The joint venture marks BlackRock’s re-entry in asset management in India and aims to deliver tech-enabled access to affordable, innovative investment solutions for millions of investors in India. BlackRock and JFS are targeting initial investment of USD 150 million each in the joint venture.

Our transaction team comprises our Senior Partner Ashwath Rau, Partners Vipul Jain, Aditya Alok, Senior Associate Saras Muzumdar and Associate Dishti Kaji. They were supported by (i) our Associates Nandita Varshney, Pooja Dhamor and Mohammad Zaid on the regulatory aspects; (ii) Partner Bharat V Budholia on the competition law aspects; (iii) Partner Nandan Pendsey, Esq., Associates Rimjhim Mishra and Rhea Ghanshani on the IP related aspects; and (iv) Partner Aditya Singh Chandel and Associate Suhail Bansal on the tax related aspects.

AUTHORS & CONTRIBUTORS

Partner:
Ashwath Rau
Vipul Jain
Aditya Alok
Aditya Singh Chandel
Nandan Pendsey
Bharat Budholia

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.