India, June 27 -- Jio BlackRock, a joint venture between Jio Financial Services (JFS) and BlackRock Inc, has received approval from the Securities and Exchange Board of India (SEBI) to kick off operations as a brokerage firm in India.

In an exchange filing, JFS informed that the markets regulator has granted Jio BlackRock Broking Private Limited (JBBPL) the certificate on June 25 to act as a stock broker.

JBBPL is a parent company of Jio BlackRock Investment Advisers. Jio BlackRock Investment Advisers is a 50:50 joint venture between JFS and BlackRock Inc.

In March, MobiKwik also entered the stock broking space with its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL).

(The story will be updated soon)

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