Jio BlackRock raises more than $2.1 billion through debut mutual fund offers

(Reuters) -Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May.

Jio BlackRock is a joint venture between Jio Financial Services, part of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, and U.S.-based BlackRock.

The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement.

($1 = 85.7140 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)