Mumbai, June 27 -- JioBlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm in India, a company statement said Friday.

JioBlackRock Broking aims to bring affordable, transparent, and technology-driven execution capabilities for Indian investors.

The broking entity's parent company, JioBlackRock Investment Advisers, is a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc.

Along with the recent regulatory approvals received by Jio BlackRock Asset Management and Jio BlackRock Investment Advisers to commence operations, the receipt of the broking license en...