In a landmark development for India’s financial services industry, the Securities and Exchange Board of India (SEBI) has granted registration to Jio BlackRock Mutual Fund and approval to Jio BlackRock Asset Management Company Limited (AMC) to operate as an Asset Management Company. This approval marks the official entry of a formidable joint venture between Jio Financial Services (JFS) and…
In a bold move to strengthen its financial position and repay outstanding debt, Zoomcar, the NASDAQ-listed self-drive car-sharing marketplace, has announced a $9.15 million private placement deal with institutional investors. With the sale of units priced at $4.28 each, the company is positioning itself for growth, addressing its debt obligations, and increasing working capital. But what does this…
