Wednesday, 12 August 2026 · World
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EUROS The World Financial Report
Nº 32 Wednesday, 12 August 2026 · World Edition
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BofA to acquire up to 49.9% stake in Jio Credit for ₹18,268 crore

mint - markets · 1h ago · 🇮🇳 India
BofA to acquire up to 49.9% stake in Jio Credit for ₹18,268 crore

Bank of America will acquire up to 49.9% of Jio Financial Services' Jio Credit Limited for up to ₹18,268 crore. The investment includes a 26.5% initial equity stake, subject to regulatory approvals, and aims to enhance BofA's participation in India's growing market.

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