Bank of America to acquire 49.9% stake in Jio Credit for ₹18,268 crore
· thehindubusinessline.com
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.
Jio Financial Services Ltd (JFSL) and Bank of America (BofA) on Wednesday announced a strategic partnership under which the US banking major will acquire up to ...