💨 Abstract

BlackRock, the world's largest asset manager, is in negotiations with Reliance Group's Jio Financial Services to establish a private credit venture in India. If successful, the joint venture will lend to businesses of various sizes. This is the third joint venture between the two companies, and follows approval from India's markets regulator to act as co-sponsors and set up a mutual fund business.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖