BlackRock in talks with Jio Financial Services for India private credit venture

BlackRock Inc., the world’s largest asset manager, is negotiating with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock’s third collaboration with Ambani’s firm. BlackRock Inc., the world’s largest asset manager, is negotiating with Mukesh Ambani’s Jio Financial Services to establish a 50-50 joint venture focused on private credit in India. This venture aims to lend to a range of businesses, from large corporations to startups. If finalized, it would mark BlackRock’s third collaboration with Ambani’s firm.  Economic Times