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Bank of America to acquire 49.9 percent stake in Jio Credit for Rs 18,268 crore

Bank of America will acquire a 49.9 percent stake in Jio credit for USD 1.9 billion or Rs 18,268 crores, Jio Financial Services said on Wednesday.

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AI · summaries

Bank of America will invest up to ₹18,268 crore in Jio Credit, acquiring an initial 26.5% stake that could rise to 49.9% subject to approvals.

Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited