Jio Financial Shares Surge Nearly 5% as SEBI Approves Jio BlackRock as Stockbroker

Jio Financial Services witnessed a notable rise in its share price on Friday, June 27, after securing a key regulatory nod from the Securities and Exchange Board of India (SEBI). The market regulator granted approval to Jio BlackRock Broking Private Limited to function as a stockbroker and clearing member fuelling investor confidence.

Jio Financial Share Price Performance on June 27

The stock opened the day at ₹313.85, slightly higher than its previous close of ₹312.40. It quickly gained momentum, climbing as much as 4.5% to an intraday high of ₹326.55. By 11:05 AM, it was trading at ₹326, up 4.35%, marking the fourth straight session of gains.

This recent uptrend reflects growing optimism among investors as the company expands its footprint in financial services.

SEBI Approval Boosts Broking Ambitions

In a regulatory filing dated June 27, Jio Financial Services confirmed that SEBI had issued a certificate of registration to Jio BlackRock Broking on June 25, allowing it to operate as a stockbroker and clearing member.

This comes after a series of regulatory green lights:

• June 10, 2025: SEBI approved Jio BlackRock Investment Advisers to operate as a registered investment adviser.
• May 2025: SEBI allowed Jio BlackRock Mutual Fund to begin operations as an investment manager for its mutual fund venture in India.

These developments underscore Jio’s growing presence across key segments of the financial services landscape.

₹190 Crore Infusion into Jio Payments Bank

In a parallel move to strengthen its payments business, Jio Financial has infused ₹190 crore into Jio Payments Bank Ltd, its wholly owned subsidiary. As per the filing, JFSL was allotted 19 crore equity shares at ₹10 each, issued at face value in cash.

This capital injection is expected to support the bank’s operations and future growth strategy.

Jio Financial Share Price Snapshot

• YTD performance: The stock is up nearly 7%, in line with the benchmark Sensex, which has also gained around 7% this year.
• 52-week low: ₹198.60 (March 3, 2025)
• 52-week high: ₹363 (September 27, 2024)
• 1-year performance: Down around 8%

Read More: Jio BlackRock Mutual Fund: What is Aladdin's Magic that Everyone’s Talking About?

Conclusion

With SEBI’s approval for broking, advisory, and mutual fund operations, Jio Financial is clearly positioning itself as a major player in India’s fast-evolving financial ecosystem. The company’s focus on diversification, coupled with strategic investments in its subsidiaries, is resonating positively with the market.

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