India's Jio Financial Services shares surge after BlackRock wealth management JV

India's Jio Financial Services shares surge after BlackRock wealth management JV

FILE PHOTO: A man walks across the LED board showing the logo of Jio at the ongoing India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis

Shares of Jio Financial Services rose as much as 5% on Tuesday, a day after the company entered into a new joint venture with BlackRock to set up a wealth management and broking business in India.