BlackRock Inc, the worlds largest asset manager, is set to join forces with Indias largest company Reliance Industries Ltd (RIL), marking a return to the country after exiting in 2018, said people aware of the development.
Given the notorious pusillanimity of independent directors, whose role in Indian companies is in marked contrast to their rising levels of independence in both the US and UK, the onus of raising corporate governance standards in the country falls upon the powerful institutions
This will mark an India comeback for Wall Streets green crusader Larry Fink, chairman of Blackrock, after parting ways with long-time partner Hemendra Kothari of DSP. The joint venture will be called Jio Blackrock and will launch operations after regulatory and statutory approvals. The company will have its own management team.
This will mark an India comeback for Wall Streets green crusader Larry Fink, chairman of Blackrock, after parting ways with long-time partner Hemendra Kothari of DSP. The joint venture will be called Jio Blackrock and will launch operations after regulatory and statutory approvals. The company will have its own management team.