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India's Jio Financial Services, Blackrock to launch asset management venture
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investing.comMUMBAI (Reuters) — India's Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Industries, and Blackrock (NYSE:BLK) Inc will form a joint venture to launch asset management services in India.
The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.
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