Nilesh Shah denies rumours of leaving Kotak AMC to join Jio BlackRock MF as CEO
Reliance Industries Ltd, had entered into a 50:50 joint venture with BlackRock, the world’s largest asset manager, to set up an asset management company with a combined investment of $300 million. Read here: Jio Financial joins BlackRock to launch asset management firm The two partners plan to invest $150 million each in the JV, making it the 44th player in the ₹44.39 trillion Indian mutual fund industry.
Jio BlackRock will launch operations after the receipt of regulatory and statutory approvals. The company will have its own management team, it had said.
Meanwhile, Shah, who also serves as a part time member of the Economic Advisory Council to the Prime Minister (EAC-PM), replied to another tweet saying that there was ‘no truth’ in the rumours of his joining Jio BlackRock MF. “No truth in the rumour.
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