Mukesh Ambani is now going to start a new work. Mukesh Ambani’s Jio Financial Services Limited is preparing to work with Black Rock Inc., the world’s largest asset manager company. Both the companies are about to start private credit ventures. Talks are going on between the two companies regarding this.
Jio wants to provide direct lending opportunity in the country through this venture. A news regarding this has also been published in the Economic Times. According to this news, officials say that the joint venture will be started on the basis of 50-50 partnership. Through this, loans will be provided which will be given to big companies ranging from startup companies to joint ventures.
This is how the joint venture will start
Officials say that this venture will start on the basis of 50-50 partnership. In this venture, loans will be given to many big companies and startups. If this venture between Black Rock and Jio Financial is finalized then it will be the third venture between the two companies together. Both the companies are already working together in asset management and stock broking.
Private credit investment reached so much
India is favorable for private credit among Asian countries. Private credit investment in the South Asian country has increased to a record level of $6 billion in the first half of 2024. However, it has also been learned that both the companies have not taken any decision regarding working together. People say that both the companies may not have agreed to work together. Experts have also expressed this possibility.
