Bank of America to invest ₹18,268 cr in Jio Credit: What the deal means for NBFC Sector
2 sources·Updated August 12, 2026
Covered by 2 sources
- Economic Times·10h agoBofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of…
Read at Economic Times → - Business Today IN·10h agoBank of America to invest ₹18,268 cr in Jio Credit: What the deal means for NBFC Sector
Jio Financial Services and Bank of America have signed a definitive agreement under which BofA will acquire an initial 26.5% equity interest in Jio Credit through a preferential allotment of equity shares and warrants.
Read at Business Today IN →
