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Will BlackRock and Jio Ignite a New Era for Private Credit in India?
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Subscribe17 OCT 2024 / ECONOMY
BlackRock Inc., a US-based global asset manager, and Jio Financial Services, a branch of Mukesh Ambani's empire, are in advanced stages of forming a joint venture in India’s private credit market. The move aims to capitalize on the growing demand for flexible funding in India, and could serve as a model for future joint ventures in emerging markets, potentially attracting more international investment into India's financial sector.
BlackRock Inc., the leading asset manager from the U.S., and Jio Financial Services, the financial arm of Mukesh Ambani’s sprawling empire, are in advanced talks to form a joint venture in India’s private credit market. Now, if this isn’t something to sit...
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