Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit
2 sources·Updated August 13, 2026
Covered by 2 sources
- The Print Economy·5h agoBank of America to take 49.9% stake in Jio Credit for $1.9 billion
Bank of America will become a joint venture partner in non-banking finance company Jio Credit through a preferential allotment of equity shares and warrants.
Read at The Print Economy → - Economic Times·21h agoBank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit
Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of the lending subsidiary. The transaction will provide substantial capital for Jio Credit's expansion plans. It will combine Jio's digital…
Read at Economic Times →
