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BofA to acquire 49.9 pc in Jio Credit for Rs 18,268 cr

Mumbai, Aug 12 (PTI) Jio Financial Services and Bank of America on Wednesday announced that the US-based lender will acquire a 49.9 per cent stake in the Mukesh Ambani-promoted company’s lending arm, Jio Credit, for USD 1.9 billion or Rs 18,268 crore. Bank of America (BofA) and Jio Financial Services (JFSL) have entered into a […]

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BofA to acquire 49.9 pc in Jio Credit for Rs 18,268 cr

BofA acquires 49.9% of Jio Credit (India's fastest-growing NBFC, Rs 30,667 cr AUM) for USD 1.9B. This signals global majors' partnership-led GTM shift in growth markets; embedded-credit and India playbooks become stack essentials for regional expansion.

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mercoledì 12 agosto 2026·economictimes.indiatimes.com
Bank of America, Jio Financial ink JV for 49.9% Jio Credit stake
Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could…
mercoledì 12 agosto 2026·morningstar.com
Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited

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

BofA to acquire 49.9 pc in Jio Credit for Rs 18,268 cr

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BofA to acquire 49.9 pc in Jio Credit for Rs 18,268 cr

Timeline cronologica

Bank of America, Jio Financial ink JV for 49.9% Jio Credit stake

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

Bank of America to acquire 49.9% stake in Jio Credit for ₹18,268 crore

Bank of America takes 49.9% stake in Jio Credit for $1.9 billion

Bank of America to invest up to Rs 18,000 crore for 49.9% stake in Jio Credit

Bank of America, Jio Financial ink JV for 49.9% Jio Credit stake

Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to…

BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

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

Bank of America to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

Bank of America reportedly in talks for 49.9% stake in Jio Financial subsidiary

BofA to pump ₹18,268 cr in Jio Credit; stake may go up to 49.9%

Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit

Bank of America invests Rs 18,268 crore in Jio Financial Services' Jio Credit

BofA to acquire 49.9 pc in Jio Credit for Rs 18,268 cr

Bank Of America Partners With Jio Financial In $1.9B India Deal - Bank of America (NYSE:BAC)

Bank of America to acquire 49.9% stake in Jio Credit for ₹18,268 crore

Bank of America takes 49.9% stake in Jio Credit for $1.9 billion

Bank of America to invest up to Rs 18,000 crore for 49.9% stake in Jio Credit

Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore

Bank of America to take 49.9% stake in Jio Credit for $1.9 billion

Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending market