Jio Financial Services Ltd. saw its share price rise nearly 1% in Tuesday morning trade, continuing its upward trend following a 4% increase on Monday. The stock at the time of publishing had slipped into the red but continued to hover above the Rs 300 per share mark.
The rally comes after its joint venture, Jio BlackRock Asset Management Pvt., announced the appointment of its executive leadership team to drive operations.
Jio BlackRock Asset Management has appointed several key executives, including Amit Bhosale as Chief Risk Officer, Amol Pai as Chief Technology Officer, and Biraja Tripathy as Head of Product. Last month, the mutual fund company announced Sid Swaminathan as Managing Director and Chief Executive Officer.
“Together, the team is set to deliver Jio BlackRock’s mission to transform investing in India by making it more accessible and affordable for millions of people,” the company stated.
Additionally, Jio BlackRock Asset Management has launched an early access initiative on its website, inviting individuals to register their interest in its digital-first offering.
