Jio BlackRock Gets SEBI Approval as Stockbroker; Reliance Backed Jio Financial Service Share Surges Nearly 4%

Jio Financial Services Ltd. (JFSL), the financial services arm of Reliance Industries and a rapidly emerging player in India's fintech and investment landscape, saw its shares surge nearly 4 percent in morning trade on the Bombay Stock Exchange (BSE) following a major regulatory milestone.

Jio Financial Services Share Price Today

The stock opened at Rs 313.85 on Friday, slightly higher than its previous close of Rs 312.40, and climbed as much as 4.5 per cent to hit an intraday high of Rs 326.55. As of 1:39 PM on June 27, 2025, shares of Jio Financial Services Ltd. were trading at Rs 324.80, reflecting a robust gain of Rs 12.30, or 3.94%, over the previous closing price, poised to extend their gains for the fourth consecutive trading session.

Jio BlackRock Gets SEBI Nod

The rally was driven by news that the Securities and Exchange Board of India (SEBI) has officially granted a stockbroker and clearing member license to Jio BlackRock Broking Private Limited, a key subsidiary within the Jio Financial ecosystem. This development is being interpreted by market analysts as a significant step toward Jio Financial's expansion into full-fledged financial services, including broking, advisory, and asset management.

In an exchange filing dated June 27, JFSL confirmed that Jio BlackRock Broking Pvt Ltd, a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd, has received SEBI's approval to function as a registered stockbroker and clearing member.

The company announced, "The Securities and Exchange Board of India has granted a certificate of registration dated June 25, 2025, to Jio BlackRock Broking Private Limited to act as a stockbroker/clearing member."

The regulatory approval was granted on June 25, 2025, and is viewed as a pivotal step in strengthening the company's execution capabilities for both retail and institutional investors.This latest approval follows a series of regulatory green lights from SEBI. On June 10, 2025, SEBI granted a certificate of registration to Jio BlackRock Investment Advisers Pvt Ltd (JBIAPL) to operate as an Investment Adviser.

"With JioBlackRock Investment Advisers, we will be able to offer personalised advice to retail investors. Now with brokerage, we will also bring an execution platform for self-directed investors," said Marc Pilgrem, Managing Director and CEO of Jio BlackRock Investment Advisers Private Limited.

In May 2025, SEBI approved the commencement of operations for Jio BlackRock Mutual Fund, allowing it to act as an investment manager for mutual fund products in India.

The broader vision of the venture was announced by Rachel Lord, Head of International at BlackRock, "This third approval from SEBI completes the range of offerings of our joint venture. Through these three entities, Jio BlackRock will provide a full suite of investment services, enabling Indian investors to work towards their financial goals."

Few days back in another development, Jio Financial Services also disclosed a fresh capital infusion into its digital banking arm, Jio Payments Bank Ltd. According to its regulatory filing, JFSL has invested Rs 190 crore in cash by subscribing to 19 crore equity shares at a face value of Rs 10 each in the wholly owned subsidiary. This move is part of JFSL's strategy to strengthen its digital and financial infrastructure, particularly in the fast-growing payments and banking segments.

Jio Finance Stock Performance

So far in calendar year 2025, Jio Financial Services shares have risen approximately 7 percent, tracking the Sensex, which has posted a similar gain. However, over the past 12 months, the stock has seen a decline of nearly 8 percent. It had touched its 52-week low of Rs 198.60 on March 3, 2025, and its 52-week high of Rs 363 on September 27, 2024.